Stocks… Spu’s…A close below 2060 is needed for downside. Sustained price action and a close is needed over 2095 for higher. VIX…13.35 is support. Closing below this level is needed for more upside in the Indices. DAX…held the 50 DMA … Continue reading
Stocks… Nasd 100…needs a close over 4335 for more upside. 4355-65 is daily support. Spu’s… price action under 2079 is needed to turn the P&F lower. 2070 is support and the market meltdown level. DAX…I need to see 11,800 hold … Continue reading
Stocks… Spu’s…I need to see one more close over 2097 for higher. Nasd 100…4430-36 will be resistance and the closing upside pivot. 4365 is the first good bounce level. DAX…is in profit taking mode. 11,900-12,000 is the support level and … Continue reading
Stocks… Spu’s…I need to see one more close over 2097 for higher. Nasd 100…4430-36 will be resistance and the closing upside pivot. SOXX…put in an ORH week. As Long as this remains above 95.25 the pattern looks good. FEYE…I bought … Continue reading
IBB…335 is mvg avg support. A close below this level will be needed for active profit taking in Biopharma. Spu’s…U.S. indices smell like 3 day old dead fish. I would not be in any hurry to buy anything. Macro sell … Continue reading
Stocks… Spu’s…2044 is the weekly hold # and the closing downside pivot for more weakness. Nasd 100…4333…4285…4265; these are the support levels coming down. They will not change. BIB & IBB…Closed neutral ” right on their momentum #’s. XLV…70.80 is … Continue reading
This is a big hold and upside momentum breakout in the VIXDo not go bottom fishing in the Indices.
Stocks… VIX…is flirting with the 200 DMA again @ 14.66 Bonds … 30 Yr. Bonds..(H)…price action under 144.00 can lead to another 2 points of downside FX… EUR/AUD…144.23 is the lower end of the recent range. This is support … Continue reading
Stocks… IBB…322.50 is the closing hurdle. Sustained price action over this level is needed for another leg higher. AGN & ACT are two of the best looking Pharma names. Many of the names are in profit taking mode. These two … Continue reading
I’ll be leaving for meetings after London’s close. Nasd 100…4339 is the high daily & monthly close of the past 14 years. I’d look for natural price rejection the first time up. DAX…11,000 is going to be troublesome. dax needs … Continue reading