Tag Archives: tbt
A.M. Look 7/24/13
Stocks.. RIO…Rio Tinto is bottoming on a monthly chart. We’ll buy this on a break @ 44.60-70 given the opportunity before month end. PAAS…the chart pattern looks good as long as there is no close below 12.40 SLW…23.40 is the … Continue reading
A.M. Look 7/23/13
Stocks.. NFLX…237-238 is short term support the first time down. 270 was the high monthly close. NFLX needs to close over this level to confirm another leg up. Bonds… TBT…72.43 is the qtrly close. Like the 30 Yr. @ 135.27, … Continue reading
Follow the 30 yr. Bonds
30 Yr. Futures…133.04 is today’s weekly ORL level. This level will dictate further price action. Recovery back over this level will be needed for any upside the rest of the day. Given the Bonds are getting oversold, any new shorting … Continue reading
A.M. Look 7/5/13
Stocks.. Spu’s…a close over 1627 ish would generate higher tgt’s GOOG…maintaining above 879 should be considered price positive. YCS…as long as this ETF closes above 63.80 the uptrend is intact. 66.27 is closing resistance. Bonds… 30 yr. Bonds…by maintaining above … Continue reading
A.M. Look 7/3/13
Stocks.. Spu’s…a close under 1590 would be negative. Nasd 100…a close below 2888 would be negative. Bonds… 30 yr. Bonds…by maintaining above 135.00 this has the potential to reach 137.20-24. TLT…needs to maintain above yesterday’s low. Price action above 110.80 … Continue reading
A.M. Look 7/2/13
Stocks.. VNM…needs to maintain above 18.90 and close over 19.15 for higher. FXI…needs a close over 32.90 for bottoming action. EWZ…needs a close over 44.50 for bottoming action. EPI…could get as high as 16.95 Nikkei..14,150 is weekly resistance. 13,900 is … Continue reading
A.M. Look 6/27/13
Stocks.. Spu’s…resistance starts around 1619 with the mid to high 20’s possible over the next 2 days on an overshoot.. Bonds… 30 Yr….has been holding the breaks. Look for full point moves. 136.00 +- a few is first resistance. 134.00 … Continue reading
A.M. Look 6/7/13
Gold & Silver…I have no good ideas or a game plan. Spu’s…1634-36 is 1st resistance & tgt. 1645 on an initial rally off the number should cap an overshoot. SSO…79.85 & 8085 are the corresponding levels. TBT at 64.40-20 with … Continue reading
Midday Missive
DXJ has just completed a 50% retrace from the past 2 years in 30 minutes. Closing under 41.55 would lead to another couple of dollars. USD/JPY triggered monthly stops below 97 USD/JPY It’s surprised me!! This has been attributed to … Continue reading