Tag Archives: Spu
The Late Show
Catching up. SPU’s…bottomed @ the 200 DMA yesterday. A close tomorrow over the 50 DMA @ 12041 (126.50 SSO) is needed to confirm a low. OIL…just hit it’s initial upside tgt @ 54.00 EURO…any price action over 115.10 is too … Continue reading
The late Show with/ Trade Alerts!!!
The selling is not going to abate into the close. We’re down on the month and down on the year in both the Spu’s & Nasdaq. Stick to the stop written in GILD. Sell the QQQ position @ 101 intra … Continue reading
Midday Missive
Silver…17.85 is the next level on the point & figure to stall out. Once above there is not much for another dollar 30 Yr. Bonds…macro sell stops are just below 149.00, today’s ORL #. I got stopped out of the … Continue reading
Midday Missive
Spu’s…the weekly sell stops are @ 1984.25. Nasd 100…the weekly sell stops are @ 4084.25. CAD/JPY…is @ it’s 200 DMA @ 96.95. 96.20 is the lower long term extreme. Trade the opening range today in the Equity Indices. EURO…118.60 is … Continue reading
A.M. Look 1/13/15
Stocks… GDXJ…above 29 this has room to 30.40. 34.64 is today’s 200 DMA. Spu’s… The point & figure charts show new strength over 2050 resistance is needed for upside. Bonds … FX… Commodities… Gold…is knocking on the door again @ … Continue reading
A.M.Look 1/9/15
Stocks… IAT…regional banks need to hold 33.65 for higher. Spu…2022-24 is the level that needs to hold on a break. TWX,V,BLK,EXAS,BRKA have good technical formations. If the Indices hold an early break and start to recover these names have room … Continue reading
A.M. Look 1/7/15
Stocks… Spu’s….need to sustain over 2010 resistance for a trad able low to be in place. Price action under yesterday’s low will lead to another leg down as seen on the point & figure. Spu/Bonds… came close to putting … Continue reading
A.M. Look 1/6/15
Stocks… SPU’s…2012 was the lower end of our support zone. Sustaining above 2025-8 will keep the Equity Indices bid into mid week. Closing below 2010 would have me looking for another 40 points down in this Index. DAX…9550 will … Continue reading
Midday Missive
Equity/Bond spreads…plain and simple that is the game. Gilts…120.76 is resistance and the closing upside pivot. A couple of closes over this level should lead to a test of the 124.00 handle. Equity Indices from the Dax to the Spu’s … Continue reading
A.M. look 1/2/15
Stocks… Spu’s…2054 is the pivot. Below… It can revisit 2022/ Above… Spu’s need a close back over 2067 resistance. IBB…299 is 50 DMA support, a must hold level. Price action back over 306 puts the Bulls back in charge. … Continue reading