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… Spu’s…(U) 2126 will act as resistance and the upside pivot. Dax…11,250 is the low risk buy level. This is the spot to buy the Dax with a tight stop. 11,560 is the 50 DMA. This will be pivotal all … Continue reading
Stocks… Spu’s…2110-12 has to hold to avoid profit taking. DAX…11,860 is resistance and the upside pivot. 11,500 is support, below there is room for a deeper correction. SHCOMP…broke to test it’s 21 DMA before recovery last night @ 4466. This … Continue reading
Stocks… Spu’s…I doubt it can get back into the 60’s again. Only a close below yesterday’s low changes the bigger pattern. Bonds … 30 Yr. Bonds… 157.19 was last week’s close (1st natural resistance) I’d need to see sustained price … Continue reading
Stocks… GEVA…is today’s big winner. Biotech lottery is in full swing. Spu’s… seem stuck between 2065 & 2095. I’m not looking for follow through trade. Bonds … Bunds…155.74 is the key feature. Maintaining and closing below this level would mark … Continue reading
Stocks… Press the bet in the the Biotech lottery is the best game in town. DAX…I didn’t have a higher tgt than 12,000. We’re seeing some profit taking. Let’s see if it turns into anything. Russell…is flirting with new all … Continue reading
Stocks… Spu’s…(H) sustaining into the upper 60’s will give way to 2078 resistance. DIS…is a name that should stay strong into the end of the qtr. Bonds … Bonds…(M) 157.25 is today’s support. 159.27 is today’s resistance and upside pivot. … Continue reading
Stocks… Spu’s…2044 is the weekly hold # and the closing downside pivot for more weakness. Downside support is 2024 followed by the 200 DMA just below 2000. Spu’s need recovery over 2044 for a start. Nasd 100…4333…4285…4265; these are the … Continue reading
30 yr. Bonds…The (H) is putting in an ORL day. I’m now of the opinion that the June 30 will eventually trade down to the 153-154 over the next few weeks.Sell any good rally. We never got a rally. This … Continue reading
Stocks… ORL’s abound. Spu’s, Nasd 100,IBB,PANW,XLK,XLV,IWM…the list is too long! IBB…took off it’s party hat yesterday with an ORL day. Biotechs have been bucking the trend for a while. 303.35 is the 50 DMA. This is where the rubber … Continue reading