Stocks.. RIO…by holding a break at 51 with an initial Gold sell off followed by an early hold, this is poised for a test of 55. EWZ…50.48 is the 200 day in Brazil. It’s a must hold level for higher … Continue reading
Stock rotation is in full swing with the Equity Indices looking overstretched. We’ve come a long way in Equities in 9 trading days. Sell stops are resting under Friday’s day session lows in the Indices The Mexican peso is nearing … Continue reading
Stocks.. Spu’s…use 1730 as the near term pivot. Bonds 30 Yr. Bonds…support start @ 133.07-132.28. This would be a good area to buy before you sell. 135.00 is weekly closing resistance. FX… AUD/JPY….stays firm as long as it maintains above … Continue reading
BUY the November 14/16 Call spread for 40 cents. This is the Bid side of the market. We’re long a little Stock and we’re going to put on a 25% position in the spread. We’re just looking to run this … Continue reading
VIX is coming into support @ 16.90-1700. Spu’s…1676 is a 30 % retrace from this past down move. The S&P 500 needs a close over 1686 to turn up. Those of you who have a long portfolio should consider a … Continue reading
We’re not getting any love from this position. The only thing that has me wanting to keep this is the major puke in all the momentum stocks. VIX…22 is next resistance and tgt. Above that you’re looking at 28. The … Continue reading
Stocks.. Spu/Bonds…is sitting on the 18 week mvg average.This is a big go or no go level! The last time we touched this line was April 8th and it held for a very big move in the spread. In April … Continue reading
VIX…15.16 is closing resistance. The low of the day was close to the 200 day again. Day traders should be using the the Vix for the tool that it is. At resistance you should be taking profits on shorts or … Continue reading
AAPL…472-478 is the support zone. LNG…has been a favorite on breaks all year. Buy any big pullback. This should maintain above 31 for the foreseeable future.We’re expecting at least a test of the old high of 33.83. Very long term … Continue reading