Stocks… VIX…sell stops are below 13.44. Bonds.. 30 yr. Bonds…need another close above 133.20 ( today’s 200 day mvg avg) to get people buying treasuries. New Home sales @ 9:00 A.M. CDT should be watched for direction. FX… Commodities… … Continue reading
Stocks… Nasd 100…3633 is closing support. NASDAQ leads, this is where all the social enabling and healthcare biotech names are. VIX…is holding support @ 14.25. Sustained price action above 16.80 is needed for a rally. XLI…needs to hold 51.30 for … Continue reading
Platinum… is at daily, weekly and monthly resistance. 1428 is the 200 day mvg avg. This is an exit zone or a level for day traders to try a contra trend trade with a couple of dollar stop to see … Continue reading
Stocks… Nasd 100…3633 is closing support. Spu’s…price recovery and a close over 1832 will lead to a test of the high. A failure @ 1832 (resistance) and a close below 1800 will lead to a test of 1730 again. SSO…shows … Continue reading
Spu’s…1831.80 is today’s Pit ORL#. Closing below this level is price negative. 1820 is the first area of support. 30 yr. Bonds..this is attempting it’s second reversal day in a row. I’m not biting either way. It was a descent … Continue reading
XLE … resistance is 86.63. New closing strength is needs over 87 for Further upside. XLF…The financials are into resistance. COF …73+ a few looks to be good resistance. GS…still looks positive, but it will struggle to get over 166.25 … Continue reading
The Italian Bonds (FBTPH4) are attempting an ORL day. All world Bond Futures are under pressure….Gilts, Bund, & U.S. Treasuries. VIX…14 is big closing support. price action back above 14.70 should be monitored in light of the Nasd 100 Pit … Continue reading
KBE…banks have been out of favor. Spu/Bonds are making me friendly to the sector. OXY…92.00 is resistance. It is also the confluence of the Golden Cross where the 50 day and the 200 day mvg averages converge. VIX…14.68 is where … Continue reading
Nasd 100 ….has the potential for an ORH week with a close over 3545. QQQ…a close over 86.89 for an ORH week VIX…15.80 is the weekly ORL. These are end of day #’s. A completion of these patterns would have … Continue reading
So you want to be Risk On? VIX looks like it’s topped out here for a bit. BUY the FEB 15 Puts for 45 cents. This is the Bid side of the market and gives you upside exposure to Equities … Continue reading