Focus on 2 places the rest of the day. IBB…346 ish is the 50 DMA and the top of the cloud. price action and a close below will weigh on the Nasd 100 Future. Nasd 100…the pit ORL stops are … Continue reading
Place a price order for today SELL UVXY @ 10.68! This is a closing trade.
Stocks… AAPL…Reports after the close today, this will be a key market driver. HSBC & Deutsche Bank will be moving this A.M. DB off better than expected earnings and HSBC possible restructuring to move headquarters out of the U.K. DAX…11,730 … Continue reading
AUD/NZD…looks to have bottomed and is putting in an ORH week. USD/JPY…is trading at the low end of the range for the past couple of months, right where it went out last week. This can take until after the Wed … Continue reading
BUY UVXY @ the Market! This is an Opening position with a 5% portfolio weighting. The risk is maybe 20 cents to buy some downside protection. Options traders…it cost app $1.40 to buy the 14 5/20 Calls. A call spread … Continue reading
Spu’s… are now lower on the year. 1846.25 is that #. Mvg avg support is @ 1837.25. They weaken below. Resting sell stops under 1830 tgt 1800 and then 1685-90 via the resting macro sell stops @ 1732. Nasd 100…3412 … Continue reading
The rallies are failing in the U.S. Indices, while the breaks have been holding everywhere else. Bounces have come off the identified oversold areas in the Momentum names. Support & resistance in the U.S. Equity Indices have remained almost 100% … Continue reading
UVXY…anything close to 60 is a ( take some money off the table zone for Longs). 61.45 is the first tgt level. VXX…42.60 is the matching zone. 43.80-44 is the 1st tgt level. We’ve come a long way down, with … Continue reading