Tag Archives: Spu
Equity Indices | ORH Pattern Alert
It’s still early, however closes above 1310.50 Spu, 2521.75 Nasd 100, 920.80 Midcap and 75790 Russell will be needed for an ORH formation. The formation can signal a near term bottom. It is generally a price positive formation. https://www.whitewavetradingstrategies.com/glossary
A.M. Look 5/21/12
Euro..put in an ORH day on Friday. It retested 127.52 last night. Holding this level can lead to 128.80 ish on an initial rebound. GBP/USD…sustaining over 158.40 will lead to an attempt at a figure rebound here as well. AUD/USD…This … Continue reading
A.M. Look 5/18/12
Short pretty much everything/Long Gold has been the complexion of the board for the past 2 days. Everyone is waiting for Facebook to save the market. Pay attention to the opening range trade here! Sustained price action below its opening … Continue reading
A.M. Look 5/17/12
Rallies to nowhere. Sell rallies not breaks until this plays out. The patient Day trader will be able to make money from both sides of the market. We’ll look around the board this A.M. to see if there are any … Continue reading
US Treasury Bond Futures Semi Annual
147 is a potential yearly double top…it will be a pivotal level. Given the general condition of the market…. oversold equities vs. the overbought Bonds.. SPU/Bonds hitting the 200 day last night! Pay very close attention to the game afoot! … Continue reading
A.M. Look 5/16/12
USD/BRL… 20270 is the next Dollar resistance level…next are the bigger Fibs @ 20700. NZD/USD…76.20-40 is a pivotal level. Once convincingly through, this should go to 74 for a start. Both of the above are Risk currencies. More Risk Off … Continue reading
SPU/Bond Futures Daily Continuation
Patience…we are getting close in the Spu/Bonds and you do not want to get directionally trapped.. You can see the 200 day which is the green line and the commensurate 50% retrace fibs just below… If you’re short equities, keep … Continue reading
A.M. Look 5/15/12
The technical trade continues. Last night brought another rebound from a very oversold condition. Given the way we closed, I think half my clientele were going to check into the local vet for a euthanizeation cocktail, after covering shorts earlier … Continue reading
GDXJ | Junior Gold Miners ETF Weekly Chart
The miners have a potential double bottom on the weekly charts.. Most everything else has seemed to have temporarily bottomed.
A.M. Look 5/14/12
Crude Oil…. 92.80 is the 50% retrace from the Oct. 2011 low. If you’re short, and we’re not, this is the place to cover. Euro…resting stops reside just below 128.58. 126.20-50 is the next macro level, which is last quarters … Continue reading