Tag Archives: Stocks
General Price Action…Stocks
We’re going into the end of this capital flow in the next few minutes. Those wishing to be extremely conservative should take 25% of your longs off. The afternoon can be a whole new ball game. The market will need … Continue reading
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 3/9/11
Euro looks like it could go as high as 139.80 ish and still be a sell against the 140 level. Silver never back filled enough for me. We were looking for a 35.385 print during the NYC day session. Since … 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
Gold…Long term stock holds
Sell the rest of your Gold and Silver at the market. We’re presently being taken out of our longer term strategic holds in individual stocks today via our resting trailing stops.
SPU….COPPER
425 is the keno level in the (H) copper to monitor.. The weekly stops are below this level. A close tomorrow below this # and this metal will go into major profit taking mode and will portend more weakness for … Continue reading