Tag Archives: Stock Indices
8/8/11
The S&P retested Friday’s low early last night putting in a double bottom pattern on the point & figure charts. If this area is violated we will start moving in roughly 20 point increments, possibly as low as the mid … Continue reading
Stocks… S&P 500
That was a nice rally to nowhere in the SPU..We’re caught between 1237-48 for the moment. Investors who bought OXY and AAPL should use a break-even stop SPU starts heading south, we’ll see the 1188 area.
Russell 2000 Index
The Horizontal line @ 76660 represents the long term stops
Russell 2000
This is a trend line going back to last August. It matches up with the 200 day mvg.avg. in the Russell around 795. Be careful where you press shorts…The other indices based off this line show more downside room.
EURO
Short term traders can give the Euro a try from the long side here. Do not risk more than 10 ticks below the low. Consider this a Risk On trade after the flushing of the weak longs out of Europe … Continue reading
EURO
143.30-50..EUR/USD Just as price action yesterday over this level kept the stock indices firm, this level becomes a good market tell ( Risk ON) for today’s trading as well. All new price action under this level is needed to weaken … Continue reading
A.M. Look 7/22/11
We have added some more Risk to our portfolio. Depending on your time horizon, Day-Traders more than likely have no position, so trade from the side of the trend (Buy breaks in the stocks and sell rallies in the Bonds … Continue reading
ETF Traders
The whole board is about being LONG Stocks/Short Bond Futures To that end, buy some TBT equal to the amount of Long Stock exposure you have. This way you have on the spread. This is a Risk On Trade.
S&P & NASD Futures
I thought you were going to see it back in the low 1330’s for Day traders to re-buy. As of now it’s not happening. There will be stops over 2415 NASD 100 futures. Most long term players bought the Spu … Continue reading