Stocks… Equity Indices are tired and in need of a break. Individual names will continue to out preform. Spu’s…resting near term sell stops remain below 2112. GS…215 is where the qtrly congestion lies. This is a name for your buy … Continue reading
Stocks… Spu’s…2044 is the weekly hold # and the closing downside pivot for more weakness. Downside support is 2024 followed by the 200 DMA just below 2000. Spu’s need recovery over 2044 for a start. Nasd 100…4333…4285…4265; these are the … Continue reading
Stocks… BAC…needs a close over 16.20 for a sustained move higher. AAPL…we’ve raised our stop to break-even. Bonds… 30 yr. Bonds…are stuck. Only a close below 136.10 would lead to a Bond sell off. FX… Euro…a close below 135.30 … Continue reading
Euro…We’ve seen a big rejection in both the Bunds and the U.S. 30 yr Bonds. Lower Bonds = lower currencies against the Dollar. A close today in the Euro below 129.70 is a sell on our work. A close below … Continue reading
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
The Euro, Suisse and Canada are all attempting ORH weeks. Completion of these patterns portends a further weakening of the Dollar and more Risk On. Presently this has kept a lid on the Metals. We do not think this short … Continue reading
We’re still looking at a range bound technical picture in the U.S. Indices. Price action under 1300-02 SPU is needed for any downside to materialize. Given tomorrow is month end, we are likely to hang around these levels unless we … Continue reading
Price action…USD/CHF put in a lower low from yesterday and is trying to reverse. What to look for… Price action has to minimally maintain over 80.20 USD/CHF and a close is needed, today, over 80.70 USD/CHF to think you’ve seen … Continue reading