Tag Archives: Stock Indices

A.M. Look 2/12/13

Posted on 02/12/2013

USD/JPY…point & Figure shows a double top ( Bottom in Futures) @ 94.40. Our downside tgt of 106.20 futures/ 94.16 USD/JPY has been reached. 105.32 Futures is the next level of interest. EUR/AUD…as long as this remains over 130.40 this … Continue reading →

IBM_-_Intl_Business_Machines_Daily.gif

Posted on 02/07/2013

This is the one to watch for the next move in the Indices. It either holds in here or it’s going to 197-196 ( into the 200 day) where you can buy with  reasonable risk controls

A.M. Look 1/23/13

Posted on 01/23/2013

EUR/JPY & AUD/JPY…last night’s lows both came down into mvg avg support which held. Closing under those lows will lead to a descent correction. For now it’s just some profit taking and noise coming out of Davos. USD/JPY…our futures levels … Continue reading →

A.M. Look 1/17/13

Posted on 01/17/2013

GS…by remaining over 139.20 this can seek 149 AAPL..511-515 is resistance with sustained action over 519 needed for higher. 498 is current support. AGQ…double long Silver has closed two days now over the 200 day. As long as this closes … Continue reading →

A.M. Look 1/11/13

Posted on 01/11/2013

Spu’s…are back to last years high. Only a close in the equity indices under yesterday’s low would cause liquidation. By remaining firm after 12:30 CST we would expect another late day melt up into the close. Oil…92.75 is the weekly … Continue reading →

A.M. Look 1/9/13

Posted on 01/09/2013

Spu’s…sell stops below 1444. Then the levels are in 10 point increments. Bulls will be looking to buy 1434-25. Nasd 100…2682 down to the 200 day @ 2667 is the buy zone and the exit zone for any shorts the … Continue reading →

A.M. Look 1/8/13

Posted on 01/08/2013

Oil…93.87 was the last high in Crude. Monitor the level for possible price rejection the first time up. By maintaining above 92.75 this has a destiny with higher prices. The next set of macro stops are between 94.50-60 with mvg … Continue reading →

A.M. Look 1/3/12

Posted on 01/03/2013

Euro…130.60-30 is first near term support. “131.66” is the key level to focus on. Closing below this level Friday puts in an ORL week. USD/CHF…has the same pattern with 91.84 being the cash level to close over. GBP/JPY…below 140.56 this … Continue reading →

A.M. Look 12/31/12

Posted on 12/31/2012

Spu’s…1360-71 is the level down to watch for bounces below the 200 day (app 1386.50 Pit) Nasd…2559.50-2539 is the level to look for bounces. These levels as well as the Spu #’s are better exit zones the first time down … Continue reading →

TBT

Posted on 12/21/2012

Slightly above 62 is the place to look for a bounce. The risk is a close or sustained price action under 61.50. This should somewhat line up with a 148 print in the 30 Yr. Futures. General price action… We’ve … Continue reading →