Stocks… Nikkei… SHCOMP… Bonds.. 30 YR. …will take a close under 165.08 to weaken and signal more Risk On. TLT… FX… Yen… Yuan…6.45 is the level to monitor for long term trend. Commodities… Gold…1194 is trend support and … Continue reading
Stocks… Spu’s….watch for price rejection closer to 1880. Deutche Bank…is presently trading @ 16.85. This needs to maintain above 16.10 for further short covering. Bonds.. 30 YR. …short term sell stops are @ 165.08. Daily trend is 163.19. TLT…129.00-128.76 is … Continue reading
Stocks… Spu’s…it’s all about the close today and price action Sunday night into Monday. We keep rallying to unchanged on the week and failing. The Dow and Spu’s both need to hold the breaks today and start higher into Feb. … Continue reading
Stocks… APPL…is trading @ 96.20 as i write. A failure to get back above 97.50 leaves way for lower retests. Longer term bulls will throw in the towel below 90. AAPL needs to find a low today with some Fed … Continue reading
Stocks… Use yesterday’s ORL #’s for initial resistance. Only sustained price recovery over these levels will lead to a meaningful short covering rally. Nasd 100…4236.50QQQ…104.08Spu’s …1899 Bonds… 30 Yr. ..You’re going to get reactions off the Fib extensions as you … Continue reading
Stocks… Use yesterday’s ORL #’s for initial resistance. Only sustained price recovery over these levels will lead to a meaningful short covering rally. Nasd 100…4236.50QQQ…104.08Spu’s …1899 Bonds… 30 Yr. ..You’re going to get reactions off the Fib extensions as you … Continue reading
Stocks… Spu’s…1990-92 needs to hold on the P&F for another bounce. Closing under 1980 leaves way for a much bigger correction as laid out in the qtrly update. Nasd 100… 4550-75 is resistance. Bonds… 30 Yr. …bonds can lose steam … Continue reading
Stocks… Spu’s…2031-34 is resistance. Nasd 100…4577-80 is resistance with price action and a close over 4605 needed to stop the slide. Bonds… TLT…122.61 is the 200 DMA. 124.10-28 is resistance. FX… EURO…a close today below 107.96 opens the way … Continue reading
I’m fundamentally friendly to the dollar going into a rate rising cycle, however I don’t have the stones to trade the futures outright given the potential volatility this afternoon. Risking big figures in the currencies is not my style. The … Continue reading
Stocks… The big cap momentum names have put in topping patterns which we didn’t see in the earlier year sell offs. AMZN…sell stops are @ 620 with 612 being first support. Bonds… 30 Yr. Bonds…156.02, old resistance, is now support … Continue reading