Stocks… FDX…breaks out to the upside over 175. VIX…14.85-59 is major support. I’m buying the 16 Calls Expiring 2/18/15 if we print into this level. Size matters with this strategy. The goal is to hedge up half your long portfolio. … Continue reading
Stocks… SPU’s…the mid to high 2060’s will remain resistance and the closing upside pivot. 2039 is 50 DMA support. VIX…14.85-59 is major support. I’m buying the 16 Calls Expiring 2/18/15 if we print into this level. Size matters with this … Continue reading
Stocks… Spu’s…1962-68 is the buy zone. This is a cover zone for shorts, for longs it’s a low risk buy zone @ the 200 DMA. Nasd 100…sustained price action under 4100 is bearish. 4177 is today’s short term resistance. 3942 … Continue reading
Stocks… Spu’s…(H) need to close above 1992 for bottoming action.(Z) Dec. level is 2000, they’re respective 50 DMA’s. 2022 is the qtrly Dec ORH # in DEC. (the level it failed at yesterday) 1995 is the Monthly ORL # which … Continue reading
Stocks… Spu’s…need to close back over 2064 resistance to entice me back in. IWM…needs back over 116.80 close to negate yesterday’s ORL pattern. 114.25 is support @ the 200 DMA. Ford…closing today below 15.40, 50 DMA, will have me exit … Continue reading
Time for all Longs to assess their holdings. Biotech has been a counterweight to Oil & related Energy name weakness all A.M. EUR/JPY held a big technical level, led by Euro strength. VIX…13.80 is 200 DMA resistance. Look to match … Continue reading
Opening range trading…Equity Indices are pretty rich up here. Long only managers should consider buying the TVIX with a stop just below today’s low as a short term hedge. 5 cents can buy you a good night sleep.
Stocks… Spu’s…price action under 1960 support is needed to unnerve the Bulls. Nasd 100…4074 should be used for early market tone. 4103 is resistance. Closes over 4120 are needed to start a whole new Bull leg higher into year end. … Continue reading
VIX is attempting an ORH day matching the technical levels coming back up in the Spu’s @ 1937.50. I was hoping for a print into the 14’s to buy some. Not going to happen! Spu’s could easily trade back to … Continue reading
Stocks… NASD 100…there is room up to 3850 to rally as long as it holds a retest back to the 200 DMA @ 3770. Sell stops are building below 3742. Spu’s…resistance 1891, 1904,1917. These were the support levels … Continue reading