Stocks… TSLA…203 is current pattern support with resting sell stops below. 191 is weekly support. The lowest risk buy zone is 167. XLY…62.50 is the 200 day mvg avg. XLI…the longer time frame charts show this is vulnerable for a … Continue reading
Stocks… Nasd 100…3593 is unchanged on the year. GOOG…1120.70 is the 2013 close. Matched up with yesterday’s close 1114.50,will become the macro pivot. DVN…has had an inside qtr (not going anywhere). Sustained price action above 66.92 could change that. GS…needs … Continue reading
TSLA…246 is resistance and the upside pivot EBAY…58.31 is resistance and the upside pivot PCLN…1349 is resistance and the upside pivot IBB …265.40 is resistance and the upside pivot NFLX… 444 is resistance and the upside pivot JPM…58.19 is resistance … Continue reading
BHP…can be bought with a 64.90 intra day stop. If this levels holds it will attempt a run to the 200 day mvg avg @65.95, a key closing level for more upside. IBB…breaks out to the upside with a close … Continue reading
Stocks… Nasd 100…3635 is the ball game for the risk on crowd. Yesterday low was a retest of the monthly ORH pattern.As long as this level holds there is limited downside. GOOG…Held matching yesterday’s low in the NASDAQ 100 Futures. … Continue reading
Stocks… DECK…put in an ORL day. 81.85 looks to be the go or no go level. Good above/negative below. TSLA…shows weekly wave counts around 275. AMZN… near support is 355. Resistance starts around 372. 375.50-387 is no mans land for … Continue reading
NFLX,GS,TSLA, EPH4, Spu/Bonds are all attempting ORH days. Today was a classic opening range trade in the Equities. Instruments opened on their lows broke out to the upside and kept going. Friday is month end. The swing count in the … Continue reading
Stocks… Nasd 100…3633 is closing support. Spu’s…price recovery and a close over 1832 will lead to a test of the high. A failure @ 1832 (resistance) and a close below 1800 will lead to a test of 1730 again. SSO…shows … Continue reading
Stocks.. BRKA…171,475 is Berkshire A will be a bellwether tell for the broader market. Price action below could easily have this slide to 169,500. The must buy # the first time down is 165,350. While I doubt we’ll see that … Continue reading
Stocks.. U.S. Indces…yesterday’s Mid-Week low should hold the rest of the week. TSLA…145-146 becomes support. Bonds… FX… AUD/JPY….held support yesterday. This is in a corrective profit taking phase that could reach 88.70 AUD/CAD…95.05 is resistance and the closing upside pivot. … Continue reading