Stocks… Spu’s… 2020-23 is closing resistance. Bonds … 30 Yr. Bonds…152.00 is cloud resistance. 151.20 is the 50 DMA. with a neutral RSI you just have to wait and see if the treasuries can push higher. TLT…118.70 is mvg avg … Continue reading
Stocks… IYT…this needs a couple of closes below 151.80 to break down. The Long term # is 150.90 the June 2014 close. SHCOMP…with just one week week of correction since the beginning of March, this is still vertical with higher … Continue reading
Stocks… Spu’s…I need to see one more close over 2097 for higher. Nasd 100…4430-36 will be resistance and the closing upside pivot. 4365 is the first good bounce level. DAX…is in profit taking mode. 11,900-12,000 is the support level and … Continue reading
SELL TLT On the Opening This is a closing trade! I’ll take the 1% hit. I’m not fighting the pattern. My internet service is going up and down like a yoyo…thanks Comcast!
Stocks… Spu’s..did the first swing and more yesterday all before London closed. 2033 is first support, however if below look for a test of the 200 DMA @ 2006. Nasd 100… 4261-65 is support. This is a cover zone the … Continue reading
Stocks… Spu’s..sustained price action under 2085 is needed for another 20 points of downside to test mid 2060’s. Bonds … 30 Yr. Bonds…163.15 will act as the short term pivot.10 Yr. Bonds…the risk to be long the Ten yr. is … Continue reading
BUY TLT @ the Market! This is an opening position.
Stocks… Pharma… PFE…put in an ORH day. I like the pattern. If this starts up today it’s a low risk buy for those of you who’d like a tamer healthcare name. ILMN,MRK & SYK…put these in the opening range trading … Continue reading
Stocks… IBB…322.50 is the closing hurdle. Sustained price action over this level is needed for another leg higher. AGN & ACT are two of the best looking Pharma names. Many of the names are in profit taking mode. These two … Continue reading
I’ll be leaving for meetings after London’s close. Nasd 100…4339 is the high daily & monthly close of the past 14 years. I’d look for natural price rejection the first time up. DAX…11,000 is going to be troublesome. dax needs … Continue reading