Stocks… Spu’s…closing back above 1940 will put the Bulls firmly back in control. 1875 is my buy zone. This is the spot I’m buying the Index to see how big of a bounce I can get. Nasd 100…3850 will be … Continue reading
The Italian 10 yr. Bond…. FBTPU4, which signaled the low in rates yesterday for all the major Bond markets, put in an ORL day and looks vulnerable to another 100 point drop with sustained price action below 127.45. Spu’s…put in … Continue reading
CAT…the macro sell stops are @ 102 which is also Thursday’s (month end) ORL pattern hold #. DIG & XLE look vulnerable to a bigger sell off. Dig could retest the 50 DMA @ 84.70 ( 98 XLE). Oil…would need … Continue reading
Stocks… DAX…closes under 9550 are needed for a bigger correction. VIX…12.90-13.00 is 1st resistance, followed by 1360 the 200 DMA. Bonds 30 yr. Bonds…while Bonds put in an imperfect double top on the bar charts (just missing the previous high … Continue reading
Stocks… Nasd 100…could slide back to 3885-90 and be good after Friday’s ORH day. FTSE…is caught between 66653 & 67160. This needs above or below for follow through. NEOG,VIVO,NBIX,THRX,ABBVIE,AGN…are reporting in the biotech world today. NEOG looks to have the … Continue reading
I will be traveling tonight into tomorrow. There will be no further updates this week. That will be me in a seat drinking away my sorrows for screwing up the Vix trade. Such is the nature of trading. Stocks… Spu’s…we … Continue reading
We bought some Portfolio Insurance off the potential double top in the Spu’s. Like yesterday, when the Equity Indices weakened, the Vix did not rally to confirm a break in the Indices! Given the potential chart pattern I bought a … Continue reading
Investors are taking some profits against a potential double top in the Spu’s prior to Yellen’s Senate grilling. There is a potential double bottom in the VXX (Vix ETN). Buy the VXX @ the Market. Use a 26.80 Stop GTC. … Continue reading