Nobody ever said I was devoid of ideas. Most of the calls are up anywhere from a 100-150% from this A.M. thanks to the PBOC (Peoples Bank of China) EWA…is putting an ORH day. I like the fact that it … Continue reading
14.25 is resistance and the upside breakout in the VIX. Time Frame Trading the rest of the afternoon. It’s been an opening range trade from the get go this A.M. I would expect a lot of investors to continue hedging … Continue reading
Stocks… Nasd 100…sustained price action over 4085 negates yesterday’s chart pattern. It will take price action under 4050 to test 3990-4001 Fib support. Spu’s…do not have the same chart pattern as NASDAQ. Price action under 1980 is needed to test … Continue reading
EUR/JPY…the resting buy stops are over 138.04. You’ll need to see closes over 138.25 for more upside. Bunds…150.88 is support. You’ll need to see sustained price action under for another 40 points. IYT…152.39 is the all time high. price action … Continue reading
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 fills my downside objective for this move. 1973-4 is mvg avg resistance. … Continue reading
Stocks… Spu… 1952 is 50 DMA resistance. It will take a close over this level to start turning this Index positive EWP…40.00 is 200 DMA resistance. Closing over 40.50 targets 42. VIX… 12.60 is 50 DMA support. This level … Continue reading
Stocks… Spu…1939-42 is resistance. 1952 is 50 DMA resistance. Nasd 100…looks better than the broader market. 3910-15 is resistance and the closing upside pivot. Do not fade price action above 3920. Midcap 400…138600 is closing resistance. DAX…9200 is … Continue reading
OIL…99.20 is the low risk sell zone with a very tight stop. VIX…13.60 is 200 DMA support. This level seems to be aligning with the first resistance levels mentioned this A.M. in the Indices. IWM…113.70 is 200 DMA. 114.50 is … Continue reading