Daily Market Intelligence 4:12:16
Stocks…Spu’s …1861 is the next set of sell stops. 1913.25 will become important late day, since we’re now trading lower on the week again. Nasd 100…4264 was last week’s close. Market sentiment shifts around these levels. UVXY…47 is a resistance … Continue reading
Spu’s 1986 looks to be pivotal The hourly bars are turning up. FYI..UVXY shares are not available to short!!!
Stocks… Spu’s… Nasd 100.. AAPL… The Indices and AAPL are flashing oversold and trying to turn up for a mid week bounce. I’m not reading anymore into it than it’s attempting an oversold bounce into Options expiration Friday. Last night’s … Continue reading
Stocks… Spu’s..(Z) 2049 will become resistance. The low 30’s can trap new shorts. Nikkei…(H) closing under 18.950 is negative. DAX…(Z) needs back above 10,482 close to keep from sliding further. AMZN…646 is the must hold level going forward. IBB…needs to … Continue reading
Stocks… Spu’s…by holding a break to 1900 there is room for a move to 1936 +- a few. This is today’s first exit zone for longs. Closing above leaves room for another 40 points. Nasd 100…resistance is 4259 matching last … Continue reading
Stocks… Nasd 100…4387-93 is the 200 DMA depending upon which continuation chart you wish to use. December Futures trade @ about a 10 point discount to September or cash. BUD…119.70 is the 200 DMA. I just sold my longs in … Continue reading
UVXY…resting buy stops are over 42.20. a running of these stops would lead the VIX to test 15.16 it’s 200 DMA. MVV…Midcap is coming into support, which runs into 80.45. Russell & Spu’s are more vulnerable. Spu’s… should bounce off … Continue reading
SELL UVXY @ the Market! This is a closing position. It’s currently trading @ 9.25 I’ve been to the well one too many times with this trade. My timing is off so I’m just going to take it off and … Continue reading