Tag Archives: Spu
Spu | Nasd | ORH Pattern Alert
2631…Nasd is the closing ORH # Spu’s….1362.70 Pit….1363.75 all session chart. Short term the Spu’s have to maintain over 1361 for higher. Closes over these levels will put in a price positive formation. It is shaping up to be a … Continue reading
A.M. Look 5/10/12
Mid-Week Shuffle…”often violent contra-trend price action” I.E. if a market is trending lower, the market tries to save itself with with rallies to nowhere ( generally from a very oversold short term condition) which leads to pressure release of the … Continue reading
A.M. Look 5/9/12
EUR/GBP… there is no significant big swing Fib support until closer to 79. EURO…looking at a 12 year semi-annual chart, 122 is in the cards longer term, via 126.40-60 as long as it remains below 130.70. AUD/USD…following the same swing … Continue reading
A.M. Look 5/8/12
We refer you to yesterday’s A.M. Look for the relevant areas. They are macro levels that are static. General Comments… Pay attention to your technical levels and Time Frames today. Pay close attention to the 30 Yr. level of 144.20. … Continue reading
A.M. Look 5/7/12
Euro…129.59 is unchanged on the year. This now becomes the macro pivot for more downside. EUR/GBP…The Pound has been bid vs the Euro, as a safe haven trade within the Euro Zone, since last July. This cross is getting mildly … Continue reading
A.M. Look 5/4/12
Unenjoyment with the French elections and “Full Moon Trading” to complete the weekend Trifecta On Saturday, the United States will be treated to a “Supermoon” event — an evening where the full moon appears at its largest and brightest in … Continue reading
A.M. Look 5/3/12
Tomorrow will be about the metals as usual with the unemployment data and where they hold on breaks. I find myself somewhat optimistic that they are looking weak going into tomorrow. The Dollar is bid across the board, in particular … Continue reading
A.M. Look 5/2/12
EUR/JPY…105.50 is the 200 day and the closing level for an ORL day. Spu’s & Nasd….the support levels have not changed since Friday, and we still need an S&P close over 1402 to confirm higher. Oil…106.80 is a level that … Continue reading
30 Yr. Bonds
142.13 is the downside pivot and the Daily ORL # Pay attention to this level in relation to the SPU/BOND spread… You know the drill… Bonds down…Equities Firm
A.M. Look 5/1/12
“How can you wake up in the morning and have nothing to say?” Lyrics…slightly corrupted from “Angel From Montgomery” It might be May Day, but as of now, looking around the board, I’d vote for a 5 day Cinco De … Continue reading