The DAX looks to have bottomed for a bit. HEDJ… has rejected yesterday’s negative technical pattern. This should go up and test 65.60 if it’s good. Closing over 66.20 should be considered a resumption of the trend. Metals & Miners…Silver … Continue reading
Stocks… Trade the specific stocks like FEYE,GILD,ABBV,BMRN & PBYI which have friendly patterns. VIX…14.12-23 is mvg avg and momentum resistance. Sustained price action over should lead to 14.80. Bonds … Bunds…154.16 is the 200 DMA FX… AUD/USD… I’m looking for … Continue reading
SELL UVXY @ the Market! This is a closing position. It’s currently trading @ 10.60
Stocks… UVXY…I’m going to Cancel my resting order to Sell @ 10.38. I want to give this some room to work. Price action over 10.50 can see this gain upside momentum. I’ll monitor the price action this A.M. and place … Continue reading
BUY UVXY @ the Market! It’s currently trading @ 9.64 This is an Opening position with a 5% portfolio weighting.
SELL UVXY @ the market ! This is a closing trade. Indices held and I’m taking the money. Cancel working orders.
SELL UVXY @ 10.48 ! This is a closing trade. I’m placing a price order to take another 7% out of the trade. This needs a close over 10.85 to confirm a bigger move up in VIX. DAX is weakening … Continue reading
Stocks… Every instrument is an Island unto itself. Bonds … Bunds…159.00 is the qtrly pivot. A close under the 50 DMA @ 158.84 is needed to confirm lower. 159.85 is resistance,yesterday’s breakdown level. 30 Yr. …is getting oversold. We’re getting … Continue reading
AAPL…129.50 is the hold level and our entry level. A close above 131.15 is needed to keep the pattern intact. IBM…170.30 is the ORL #. UVXY…price action and a close over 11.01 confirms a move toward 13. Nasd 100…look for … Continue reading
Stocks… IBB…347 +- a couple has to hold to avoid a deeper correction. XLK…43.46 needs to be monitored for a potential monthly double top. Bonds … Bunds…159.00 is the qtrly pivot. A close under the 50 DMA @ 158.84 is … Continue reading