Tag Archives: Stock Indices
A.M. Look 9/18/13
Commodities… Gold…1270’s can trap new shorts. Silver…below 21.40 20.85 is the next Fib zone. The long term point & figure chart shows the possibility of 20.40-60 today with a “Risk On” board late day. WTI…Crude (Oct)…104.40-60 should bounce the first … Continue reading
A.M. Look 9/9/13
Stocks.. Spu’s…the buy stops are over 1664 and the sell stops below 1630. Bonds… No change FX… No change Commodities… Oil…I wouldn’t try to pick a high until later in the week. Still looking to sell 116.50’s the first time … Continue reading
A.M. Look 8/8/13
Stocks.. U.S. Indces…yesterday’s Mid-Week low should hold the rest of the week. TSLA…145-146 becomes support. Bonds… FX… AUD/JPY….held support yesterday. This is in a corrective profit taking phase that could reach 88.70 AUD/CAD…95.05 is resistance and the closing upside pivot. … Continue reading
A.M. Look 8/6/13
Stocks.. Same game , another day. A lot of stock rotation with no movement in the indices, however there is lots of opportunity in underlying names. Bonds… 30 yr Bonds…are stuck in the middle of the unemployment range. A new … Continue reading
Midday Missive
OIH…48.25-30 is the big macro closing resistance area. GOOG…897 is the closing pivot. As long as this remains above you can see a rally towards 950 going into month end IBM…looks cheap compared to a lot of the board. This … Continue reading
A.M. Look 7/12/13
Stocks.. Everybody is all in long. Look for names that have not had big moves with RSI in the High 70’s or 80’s. Bonds… 30 yr. is right at resistance @ 135.00. The level has not changed. Bunds…143.75 is closing … Continue reading
30 Yr Bonds & Equity Indices
30 Yr. Bonds…135.00 + a few is matching Fib support. This is big swing stuff. It’s the first serious measured pullback from the 2007 low and 50% back from the 2011 low. This is a big technical level that deserves … Continue reading
YCS
Maybe I got too cute with a surrogate trade, choosing the Yen vs the stocks. This will take into London’s close to play out. We need price action over 58.50 to be right. There is nothing to do but let … Continue reading
Contract Months…Spreads…Rollover
The Equity Indices are all in Sept today. I am still writing June levels. Don’t get confused. There is a 6 dollar discount to the Sept. S&P 500 Futures. Nasd 100 is a 5 dollar discount to Sept. Many of … Continue reading
Time Frame Trading
Let’s see if this turns out to be the same price action as the past 3 trading days with extremes in the Equities put in going into the close of the London trading session. Keep your eye on the 30 … Continue reading