Bunds & Bonds have gone from one extreme yesterday to the other extreme. These charts show it is no longer profitable to be short treasuries into these levels. TBT has hit it’s first mvg avg resistance @ 43.90. Euro…I doubt … Continue reading
I pitched my calls in the TBT. They were either going to be golden today or not. Not!! Oil…is now caught between 48.50 & 49.50. Two of my favorite names today are CL & Nike. Nike is attempting an ORH … Continue reading
Stocks… Nasd 100…4591 is resistance. 4500 is support. The QQQ & Nasd U.S. only session put in ORH days and both are seeing pattern follow through this A.M. Spu’s…2095 is the 50 DMA. Above, this would also match up with … Continue reading
Stocks… Spu’s…2052 is the 200 DMA last night’s opening low. 2078 will be pivotal all day. By maintaining above look for a test of 2095. Nasd 100…4450 +- a few is first resistance. New momentum will need a close over … Continue reading
Stocks… Spu’s…2083 is resistance. Nasd 100…4460 is resistance. DAX…11,250 is resistance. 10 ,615 is 200 DMA support. Bonds … 30 Yr. Bond…152.06 is the low risk sell zone and the closing upside pivot. TBT…48.88 is weekly mvg avg support. 47.60 … Continue reading
Stocks… SHCOMP…4099 is the monthly ORL #. 4416 is resistance. Hack…30.93 is the near term hold level. A close under 30 is needed to break the current chart pattern. Bonds … 30 Yr. Bond…152.06 is the low risk sell zone … Continue reading
Stocks… Spu’s…(U) 2126 will act as resistance and the upside pivot. Euro Stoxx & Dax both put in ORH days and are following through to the upside. European Index Futures and options expire today. FTSE…is trading oversold. 67.20 is the … Continue reading
Stocks… Bonds … 30 Yr. Bond…(M) June needs to press and sustain above 153.05 resistance for higher. App. 151.24 in Sept. depending upon which chart you follow. Bund…152.21 is mvg avg. resistance. Only closing over this level will lead to … Continue reading
I’m only toying with one bet going into tomorrow’s Fed meeting, which is buying the 50 or the 51 June 19 Calls for Friday expiration. I’d like to see one more flush in the TBT to near the 200 DMA … Continue reading