Spu/Bonds are attempting an ORH pattern. This is good for the Banks. WFC, C & KBE are attempting the same pattern. March 30 yr. Bonds should have trouble getting much below 145.25. The entire world seems to think they’re getting … Continue reading
Stocks… Long NASD 100 & Spu’s vs Short treasuries have been grinding. Both need to hold on the daily charts to not roll over. The weekly Spu/Bonds show a topping pattern, at least one that needs time to work off … Continue reading
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
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
Stocks… DIG…is breaking out to the upside on a weekly chart. As long as this is above 65.50 and closes today over this level I’m bullish, looking for an initial move to 69. MIDCAP…is attempting an ORH week with a … Continue reading
SELL 2 EPZ4 @ the Market BUY 2 USAZ @ the Market This is a closing trade! The rest of the day looks like it going to be a back and forth screw fest with the bulk of the action … Continue reading
Stocks… Spu’s… could go as low as 2009-12 without doing any pattern damage on a disappointing payrolls #. DAX…9310 is today’s 50 DMA XLY…Consumer Discretionary will get up and go over 68.10. Both XLE & DIG look good to me … Continue reading
BUY 2 EPZ4 SELL 2 USAZ Do each of these trades @ the market. If we get a bad employment # in the A.M I’ll have some ammo to add.
Stocks… Spu’s…1904 the 200DMA was good for a 20 point move off the China PMI data last night. I’m looking for the Indices to rally into tomorrow. Technicians are watching the downtrend line that comes in @ app 1930 to … Continue reading
Stocks… Spu/Bonds…the low yesterday matched the yearly uptrend line and cloud support. The spread either holds here or it takes a dive. SPU’s…the 200 DMA is @ 1903. The weekly support line we’ve held all year comes in at 1912 … Continue reading