Tag Archives: sso
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
A.M. Look 1/9/14
Stocks… Spu’s…closing 2 days higher on the year should set up another 40 point move to the upside. Bonds… Bunds…140.05 is resistance and the upside closing pivot. FX… USD/JPY…is currently caught in the middle. price action under 104.50 … Continue reading
A.M. Look 1/8/14
Stocks… TRIP…TripAdvisoris attempting in an ORH week with a close over 82.90. The first tgt. is 90.50, last years high. 83.85 is a low risk buy. PG…Proctor & Gamble might not be a momo stock but it doesn’t look … Continue reading
A.M. Look 1/7/14
Stocks.. XLV,XLF & XLK are three sectors that are holding up. EWG & EWP…are both hanging in from a technical perspective. The risk in Germany (EWG) is a close below 30.50 EWP has to remain above 36.95 close. FXI…35.85 needs … Continue reading
Midday Missive
30 Yr. Bonds…a close today above 128.25 puts in an ORH day in the Futures. USD/JPY…is attempting an OR Day as well. The Yen is catching a bid as the Yen crosses are being liquidated. Price action below 104.60 USD/JPY…Over … Continue reading
A.M. Look 1/3/14
Stocks.. BAC…is putting in an ORH week with a close over 15.79. While the pattern looks good I am not a fan of chasing this strength. LNG…as long as this holds above 42.40 close I’m a fan. Spu’s…a … Continue reading
Dax… Euro Stoxx… SSO
Both the Dax & Euro Stoxx are into our qtrly pivots (support zones) after major profit taking and ORL daily patterns. SSO…has the potential for an ORL week with a close tomorrow under 99.80. We’re in need of another 1-2 … Continue reading
A.M. Look 1/2/14
Stocks.. IBM…put in an ORH month with a close over 186.25. Between 180-182 we’ll take a look at buying this. Spu’s…I’m a buyer @ 1810. Near term point & Figure support is 1834. Sustained price action above 1844 is … Continue reading