Tag Archives: Spu
A.M. Look 12/5/14
Stocks… Spu’s…2060.75 is the must hold level. 2060.75 is the level to key off of. This is the weekly ORL#. This will act as support and the closing downside pivot with resting sell stops below. Price action below here will … Continue reading
European Close
Spu’s…2060.75 is the level to key off of the rest of the week. This is the weekly ORL#..This will act as support and the closing downside pivot with resting sell stops below. Price action below here will run out all … Continue reading
A.M. Look 12/4/14
Stocks… Spu’s…the initial swing count is still 2120 which was generated from the 1813 Oct. Low DAX…10,000-10,050 is the resistance zone and the closing upside pivot. ASX 200…5380 is resistance and the upside closing momentum level, with 5418 being … Continue reading
Midday Missive
EURO…124.80 is resistance and the upside closing pivot for a move to 126. The current low looks to be pretty good. SOYBEANS…break out to the upside on a close over 10.50 for a move to just shy of $11. Equity … Continue reading
A.M. Look 11/25/14
Stocks… Spu’s…the first swing count is 2120. DAX…9860-10,050 is an important resistance zone. Bears will try to sell into this level looking for a market correction. I doubt the bears get much. For Bulls, they have to be patient. The … Continue reading
A.M. Look 11/20/14
Stocks… DAX… The weekly ORH # is 9400, the level that needs to hold on a break. 9510 is today’s 200 DMA. All new closing strength over this resistance level is needed for a test of 9820. Midcap…needs over 14,3200 … Continue reading
A.M. Look 11/17/14
Stocks… Nikkei…Japan is putting an ORL day with a close below 17,335. 17,175 is first support and the downside momentum level. ASX 200…5431 is today’s ORL # as well as the 200 DMA. Spu’s…2020-22 is support and the closing downside … Continue reading
A.M. Look 11/14/14
Stocks… ORCL…put in an ORH day. Buy early weakness against 40.45 with a stop below 39.95 close. This is a good candidate for an opening range trade today. If this holds and starts up after the opening you can buy … Continue reading
A.M. Look 11/12/14
Stocks… Welcome to the mid-week shuffle. There is no change to the technical levels in the major indices. Many individual instruments are trading overbought. Nasd 100…4138 is the first support. Spu’s…2013-14 is descent support today. You still need a close … Continue reading