Stocks.. GOOG…is attempting an ORH week with a close over 1032.40. This pattern tgt’s another 10% higher for GOOGLE to the 1140 area. Bonds 30 yr. Bonds…We’d like to sell a rally into the mid 133’s, however this looks unlikely. … Continue reading
Stocks.. Spu’s…have come a long way. We’ll have to monitor the pullbacks today to see where they hold on breaks. Bonds 30 yr. Bonds…133.11-15 would be a low risk sell zone. Closing over 133.24 would put the Bonds back on … Continue reading
We’re filled on our Sell orders, taking profits on 3/4 of our long position. The rest of the trade is completely free. We’ll update a new trailing stop on Monday. Oil…technicians will be eyeballing 94.75-80 as support “the 50% retrace … Continue reading
Stocks.. EWW…Mexico finally put in a trad able low on Friday with an ORH day. Friday’s low also put in a double bottom on a weekly chart. Sustaining and closing above 66 targets 67.15-25 followed by 68.75. Meli…as long as … Continue reading
Stocks.. Nikkei & Dax are both hovering over the qtrly upside pivots. Rio…by maintaining over 48.90 this should test 51 Bonds FX… USD/JPY…needs a close over 98.85 to start another leg down. AUD/USD…we think this is a win win … Continue reading
Stocks.. Spu’s…1676 becomes near support. Only price action under 1671 changes the pattern. Maintaining and closing over 1687 will lead to a test of 1705.1692.25 is the weekly ORH # Nasd 100…3251.25 is the weekly ORH# Nikkei…closing and maintaining over … Continue reading
Stocks.. Spu’s…are trading near resistance. 1665-66. Nasd 100…3175-81 is resistance. Bonds 30 yr…. is trading close to support. Only closing under 131.28 would have me take a second look FX… USD/JPY…98.20 (101.90 ish) is Yen support Commodities… OIL…resting sell stops … Continue reading
Stocks.. Spu/Bonds…is sitting on the 18 week mvg average.This is a big go or no go level! The last time we touched this line was April 8th and it held for a very big move in the spread. In April … Continue reading
Stocks.. Looks like most of the world has deemed Congress irrelevant, however the emerging markets look open for business. RSX (Russia), VNM (Vietnam),PIN (India) all have great chart weekly patterns. OIH & XLE are the two etf’s to keep on … Continue reading
Stocks.. Bonds FX… AUD/USD….94.59 is the ORH weekly # GBP/JPY…shows a monthly double top working on an ORL week to the downside. USD/JPY…96.63 is the 200 day today (app 103.48 Futures) Commodities… Oil…104.70 resistance. Look for price rejection the … Continue reading