Tag Archives: Spu/Bonds
Midday Missive…Spu/Bonds
This spread is attempting an ORH day. This is a bottoming formation. IBM is also putting in an ORH. PCLN jammed the shorts @ the ORL # 30 Yr. Bonds…expect more weakness under 133.16 A completion of this pattern can … Continue reading
SPU/BONDS
Everybody is going to start pulling out #’s to pick a low in Equities. I want to see the Spu/Bonds trade at or below the their 200 day mvg avg before I try and pick a low. This is a … Continue reading
A.M. Look 1/30/14
Stocks… Spu’s…I’m still looking to buy around 1730 with a very tight stop. Minimally, I’d like to see the stops below 1760 get elected. Presently, the Spu’s are holding point & figure support @ 1760. Spu’s are in a 35 … Continue reading
A.M. Look 1/27/14
Stocks… Spu’s…1800 is the qtrly pivot. Short term traders should be using this level for market tone. This is where you look for market follow through to the upside. A lot of technicians were eyeballing the low 1770’s as support. … Continue reading
A.M. Look 1/23/14
Stocks… DPM…Midstream Partners has some upside potential as long as it holds today above 49.30-40 the 200 day mvg avg. Spu’s…the all session chart shows a possible ORL patten with a close below 1833. Spu’s would need to sustain under … Continue reading
ORL Pattern Explanation
Today into tomorrow is when I’m looking for market direction to be confirmed. Will the Equity Indices hold up or go into profit taking mode? Spu/Bond spread is Long Equities ( S&P 500 Index/Short 30 yr. Treasuries) This helps us … Continue reading
Pattern Alert Spu’s
SPU/BONDS,SSO & Spu’s are all flirting with their respective ORL #’s. This means it will be another late day trade to see if the bears can gain any traction. I personally doubt it. GS…traded down to the 50 day mvg … Continue reading
A.M. Look 1/21/14
Stocks… Spu’s…the long term point & figure shows we still need to sustain higher on the year for new upside tgt’s. EWP…39.76 is support and the downside pivot. BRKA…17,100 is the 200 day mvg avg and support. Nikkei…put in … Continue reading
Midday Missive
We sent out a few charts that bear watching this A.M. I’m looking for a wiggle up in the 30 yr. Bonds. I’m also looking to sell the first 1 1/2 point rally expecting price rejection the first time up. … Continue reading