Tag Archives: Spu

Midday Missive

Posted on 07/01/2013

GLD ETF…expect price rejection anywhere close to 122.88 the first time up.( App 1275 August “Q” Gold. Do not try to buy strength into this level. This instruments is buy on dips, not on strength. A close over 123.91 would … Continue reading →

A.M. look 7/1/13

Posted on 07/01/2013

Stocks.. Spu’s…are stuck. A new signal will be generated if we close over 1615 or under 1590. GDX… 25.17-44  is first daily resistance. GDXJ…38.48 is resistance followed by 40. No you’re not seeing things! This closed at 9.16 on Friday. … Continue reading →

A.M. Look 6/27/13

Posted on 06/27/2013

Stocks.. Spu’s…resistance starts around 1619 with the mid to high 20’s possible over the next 2 days on an overshoot.. Bonds… 30 Yr….has been holding the breaks. Look for full point moves. 136.00 +- a few is first resistance. 134.00 … Continue reading →

A.M. Look 6/26/13

Posted on 06/26/2013

Stocks.. Lots of markets are oversold and are experiencing mid week bounces. Brazil ( EWZ) being one of many. Spu’s…1592.25 was April’s close. This will become a pivotal war zone over the next 2 days. Bonds… No change FX… Euro…129.90-130 … Continue reading →

Midday Missive

Posted on 06/25/2013

The Transports are attempting a hold. A rally to 110 would not be surprising over the next 2 days. The whole board is trading off the 30 Yr. Bond Futures. A new low in today’s day session would be suspect. … Continue reading →

A.M. Look 6/25/13

Posted on 06/25/2013

Stocks.. No change…Spu’s & Nasd have given me all the expected price action I’ve been waiting to see going into qtr end. (They’ve both hit all my # sets) Range trading should prevail. Bonds… 30 yr. Bonds…136.06 + a couple … Continue reading →

A.M. Look 6/24/13

Posted on 06/24/2013

Stocks.. Spu’s…the Sept Futures will need to close over 1590.50 to hold up Macro support and next tgt. is 1562 followed by 1532, levels that will not change. Nasd 100…2888 is closing resistance. 2800-05 is the next tgt & support. … Continue reading →

A.M. Look 6/21/13

Posted on 06/21/2013

Stocks.. Spu’s…the Sept Futures will need to close tomorrow over 1597 to hold up on the weekly charts. This needs a close over 1614.50 for higher Nasd 100…2888 is the weekly #. This needs to sustain over 3000 for higher … Continue reading →

Gold Day Traders

Posted on 06/20/2013

Futures need to hold the 1290 level. The exit on any rally is to 1326-30 the first time up. I’m not getting married to this trade since the Equity Indices look to be heading to my lower tgt’s. around 1565 … Continue reading →

A.M. Look 6/20/13

Posted on 06/20/2013

Stocks.. Spu’s…there are resting sell stops @ 1596. We’re presently sitting on daily support @ 1606 In Sept. Bonds… 30 Yr. Futures…136.00 +- a few is the qtrly tgt and a go or no go level for another move, which … Continue reading →