A close above 2710 puts in an ORH day. This is a price positive pattern. 2707-10 is resistance the first time up. 2720 is possible.
We’re BUYING the Junior Miners (GDXJ) @ the Market!!. The first tgt is 23.57. Gold has put in an ORH day. We recommend having some in your portfolio. We’ll look to get some on against 1650 over the next couple … Continue reading
30 Yr. Bonds….141.22 is the 50% of the entire last 8 months… Spu’s…have just given you a 20 point daily move. ( the avg daily range) This is short hand for….Don’t look for much more! Things can reverse in a … Continue reading
A close below 115.40 in Goldman puts in an ORL Day. 110 ish is the next level.
A close below 100.81 (K) puts in an ORL pattern in keeping with the rest of a Risk Off Board.. 97 ish is the downside tgt for this swing.
Time Frame trading….we’re into London’s close…Both EUR/JPY and AUD/JPY are attempting ORL days. Current stops are 105.63 EUR/JPY…Sustained and closing action under will lead to another figure down. This would be considered a Risk Off formation.
SPU/BONDS just bounced off the 50 day around 9700.Spu’s hung up around 1370. Don’t press weakness, let the market do the work and remain nimble. 3M, DE, and some of the big cap stocks have all hit some interesting mvg … Continue reading
The Yen crosses told the story yesterday by holding big Fib support. The AUD/JPY,EUR/JPY & CAD/JPY all pretty much tested support at the same time and reversed. So did the OIL and Spu’s. General Caveat!….We’re honing in on a zone … Continue reading
A close tomorrow over 15.44 puts in an ORH week. We would view this as confirming a top in the indices. Sell rallies the rest of the day in the equity indices..NASD 2750 is the level to manage your shorts. … Continue reading
2775 is the # that matters for the rest of the day. As long as we hold it the Nasd will remain firm. Only sustained price action and a close below 2775 would lead to profit taking. A close below would put … Continue reading