Today will not be a day for Amateurs, I’m writing Cash & Futures prices only today. Stocks.. Bonds… The 30 yr. owes me at least one little wiggle up today. Price action over 140.04-06 and it can keep on wiggling! … Continue reading
Stocks.. Spu’s…are at resistance and very near the closing upside pivots. Spu/Bonds… are once again hugging the 18 day making new direction tough to discern. Bonds… We’ll look tomorrow for the next move. FX… AUD/USD…96.73 is the next resistance. Closing … Continue reading
Stocks.. Spu’s…1565 is the over run level I’m looking for to buy. SPY…158.60 followed by 155.60 SDS…has to close Friday over 41.50 to show a good low has been put in. Nikkei…12,500 held DAX…8000 held Bonds… Bunds…143.75 is resistance and … Continue reading
Stocks.. GOOG…closing over 884 will keep this firm AAPL… closing over 445 will be positive. BAC…13.50 is the closing upside pivot. Spu’s…needs back under 1632-33 for further set backs. Maintaining and closing over 1645 is price positive. SPY…maintaining and closing … Continue reading
Gold & Silver…I have no good ideas or a game plan. Spu’s…1634-36 is 1st resistance & tgt. 1645 on an initial rally off the number should cap an overshoot. SSO…79.85 & 8085 are the corresponding levels. TBT at 64.40-20 with … Continue reading
Stocks.. Spu’s…have to maintain above 1617.50 to see some profit taking. Bonds… 30 Yr….need to squeeze up another half a point to start seeing further short covering before tomorrow FX… USD/JPY…as long as this stays under 99.30 (over 100.70 Futures) … Continue reading
We’ve been talking about the Equity Indices being over baked on the upside since the beginning of May. So it took into the last week of May to give it up. Every technician on the planet has hold levels in … Continue reading
Stocks.. Spu’s…we’re smack dab in the middle of a 25 point range. The downside breakout is 1620 sellers. Spu’s have to go 1631 bid to avoid lower. Nikkei…has to hold 12,940 Bonds… It’s all about Friday! FX… EUR/AUD… 136.86 is … Continue reading
Grains… Soybeans are leading this rally as they led the first wave up 2 weeks ago. Corn is still at resistance, however we expect this to give way to a rally to just over $7. JJG…will be a good way … Continue reading
30 Yr. Bonds…could extend to 142.16 and reject. TBT…66.30 ish should line up with the 30 Yr. Futures today for first support. Spu’s…(S&P 500)1642 is the weekly closing level we’ve been watching. Weak below and firm above. EUR/JPY…closing under 130.10 … Continue reading