Stocks… Spu’s…2059 is today’s 200 DMA. 2067 is Fib resistance and the closing upside pivot. DAX..looks to test it’s 200 DMA @ 11,080 just above this months high. MMM…is a name that did not sell off on this recent market … Continue reading
Equity Bond spreads are breaking out to the upside. The Bonds are driving the spread. We’re getting the channel breakdown below 156.22 in the 30 Yr. Futures. This is not a small thing. The spread is attempting an ORH month … Continue reading
Stocks… Spu’s…1992 was the Aug high we imploded from. It’s also mvg avg resistance that needs to be closed over for more strength. Nasd 100..4368.25 is that same #, however the mvg avg resistance was 4328. DAX…traded right into resistance. … Continue reading
From the lower end back to the upper end of the trading range. From the spreads, this is price action that should not be faded into today’s close. AGN..has the lowest risk profile of the major Pharma names today. 303 … Continue reading
Stocks… Nasd 100… price action over 4450 is needed for a rip back into the higher end of the range toward 4484. DAX…10.858 is the first 1/3 retrace from the Oct. 2014 Low. Bonds … 30 Yr.…(U) 148.25 is … Continue reading
Stocks… UVXY…I’m going to Cancel my resting order to Sell @ 10.38. I want to give this some room to work. Price action over 10.50 can see this gain upside momentum. I’ll monitor the price action this A.M. and place … Continue reading
Bonds continue to weigh on the Dollar ( Except against the Pound) and the Equities. Treasuries are retesting the pre ECB Thursday A.M. Intervention. Don’t press direction. Bonds are running the spreads against the equity Indices. Levels that are important!!! … Continue reading
Stocks… Nikkei…19,400 will continue to act as support and the closing downside pivot. Nasd 100…needs price action over 4471 to rally. 4430 ‘s is initial support. IYT…had a big Friday rally. I need to see sustained price action over 157 … Continue reading
Stocks… LNKD…big picture 192 should bounce the first time down.SLB…maintains upside momentum by holding over 92.90. RIO…by holding 44, look for a move to 48.20. Spu/Bonds…it’s pattern integrity on the break yesterday. Spu’s…have to close under 2065 for lower. 2089 … Continue reading
It will be a biotech show IBB,NBIX,AGIO,RCPT,ALNY SPU/Bonds have just printed the 200 DMA going into 12:30 CDT. Trade the names that are working and they’re all in Biotech. I’ve been looking at calls in the above names as well … Continue reading