Tag Archives: Stock Indices
A.M. Look 3/16/11
It’s the mid week shuffle. The stocks did a couple of Fib round trips last night to put in an 18 handle range in the S&P. Traders thinking there will be follow through on a breakout in either direction will … Continue reading
A.M. Look 3/10/11
Silver (H) …35.15 is the level we held Friday for this past leg of the rally up. Today the bears would love to see 35.40 ish reject and start lower again during the day session. Dollar Bulls…We’re short the Euro and … Continue reading
A.M. Look 3/4/11
Silver….34.045-33.965 is the key short term support level which is also yesterdays all session low. Resistance…34.51-52 is the start going up to 34.695. This will become a price action trade. A violation and a close below 33.965 is negative in … Continue reading
A.M. Look 3/3/11
Stock Bears…The 1319-21 level will be an important resistance level today. Sustained price action above and we’ll continue higher. It will still be a day of having an eye on the oil action and we would expect the inverse correlation … Continue reading
A.M. Look 1/6/11
The stocks continue to grind higher with little or no trade to the indices. This price action is very reminiscent of how the nasd traded just before the bottom fell out in 2000, however we’ll be waiting for higher prices … Continue reading