Tag Archives: Spu
Drumbeat of War
When trading becomes emotional and not fundamentally driven, instruments can go a lot farther than you think. Many fundamental traders have been taken out on stretchers to the poor house while mumbling that the markets should not have traded like … Continue reading
Midday Missive
Today being a Full Moon event day, the markets are not going to stay here. I don’t have a strong conviction either way at this point. Here are a couple of clues for those of you who are day trading … Continue reading
It’s all about the Miners
GDX…30.96 is resistance and the upside pivot for a test of 32.11. GDXJ…50.84 is the matching resistance level and the upside pivot. A close above this level is needed for a test of 55. NEM…34.20 is resistance and the upside … Continue reading
A.M. Look 8/20/13
Stocks.. Nikkei… is rolling over on the weekly charts Spu…the daily charts formed a head & shoulders top last week that have investors looking to sell the big rallies. Bonds… 30 yr…is having an oversold bounce . The question now … Continue reading
Writing Schedule…Near Term View
I have a serious case of Traders Stare. This is a function of too much time in front of a screen and not enough time thinking about other things. “Head up Butt syndrome”…We all get it sooner of later. You … Continue reading
A.M. look 8/2/13
Stocks.. Spu’s…the tgt for this short swing has not changed, it’s 1717. Nasd 100… individual names is where to look for opportunity. Before this rally is over a test of 3320 is possible. EWW… Mexico put in an ORH daily … Continue reading
A.M. Look 7/29/13
Stocks.. Line…Linn Energy… Those of you that outright bought the stock should be using a 26.70 stop on close. This has yet to break out to the upside. The daily chart turns up with a good close over 27.60 and … Continue reading
Midday Missive
Spu’s…1682-83 is resistance. A close over 1686 is needed to reverse the pattern. Having said that, all new weakness is needed under 1675 for an attempt lower. CAT…80.85 is the monthly ORL #. There will be resting sell stops below. … Continue reading
A.M. Look 7/25/13
Stocks.. Spu’s…put in an ORL and has followed through this A.M. 1671.75 is point & figure support. A Friday close under 1665.75 would have me believe this could turn into a good correction. SDS…37.80-90 is the first resistance level. Closing … Continue reading