Stocks… SPU’s…the mid to high 2060’s will remain resistance and the closing upside pivot. 2039 is 50 DMA support. Nasd 100…the mid to high 4260’s will remain macro resistance and the closing upside pivot. 4224 is 50 DMA resistance. XOM…89.55 … Continue reading
EURO…114.46 is resistance and the upside momentum # GBP/USD…needs over 152.50 resistance to extend. X…U.S. Steel 21.56 is the closing upside momentum #. Gundlach has made positive comments on the Gold & Oil. Look for a resumption of Short Euro/Long … Continue reading
A close today over 22.38 puts in an ORH day
A lot of names look great. Since I am not a fan of chasing with the horde, you have to look at the ones that have not had as big of a run. SLB,HAL & BTU in the Energy and Services … Continue reading
A close today over 631.93 will put in an “ORH” daily pattern. As with X, these should be construed as price positive patterns.
U.S. Steel is attempting an “ORH” outside reversal higher day with a close over 28.04. We’ll wait until the end of day to see if the current strength holds. Too many names are far too rich for me to chase at … Continue reading
A close above 57.60 ( that’s correct! they did a 2 for 1 split yesterday) and more upside is in order. X (U.S. Steel) has just elected the stops above 61.18 which is a double monthly top. Keep this on … Continue reading