30 Yr. Bonds… GBP/USD…we’ll see how much more squaring up there is before London’s close as the truce in the Brexit campaign could last through the weekend. GOLD.. Spu’s need under 2062 to weaken and above 2078 to rally. … Continue reading
We were stopped out of the remaining short Euro position @ 124.96. AUD/USD…is attempting an ORH day. Euro…a close over 125.10 cash was needed for that pattern. OIL…has had a nasty habit of putting in big rallies going into Brent … Continue reading
Bund…the Sept Bund will try to print 146.40. OIL…WTI/Brent spread came close to it’s 200 DMA which happens to line up with the last breakout in Crude above the 104.70-105.30 level. All this tells you is that is that WTI … Continue reading
Stocks… Spu/Bonds…rallied all the way back to test the April 4 breakdown level almost to the tick, making today’s ECB and tomorrow’s employment data all the more interesting. This is the level that the Spu’s corrected 80 points and the … Continue reading
Stocks.. SSO…94.16-25 is the matching resistance area. Nikkei…14,615 has the potential to stall out the Japan rally for today. Maintaining above 14,300 on breaks keeps this Index on positive footing. DXJ…will be up this A.M. 48 is resistance and the … Continue reading
Stocks.. NFLX…I have a near term 280 tgt. This level should prove to be descent resistance, causing this stock to back and fill. This is an exit zone the first time up.Nasd 100…needs a close over 31.05 to turn up. … Continue reading
Stocks.. NFLX…237-238 is short term support the first time down. 270 was the high monthly close. NFLX needs to close over this level to confirm another leg up. Bonds… TBT…72.43 is the qtrly close. Like the 30 Yr. @ 135.27, … Continue reading
Crude Oil…The levels have not changed. 91.70 will be pivotal with 92.45 next resistance. OXY… by maintaining higher on the week, expect an attempt @ 82.67 followed by 83.45…the risk is 80.20 Nasd 100…resistance is 2592 followed by 2626 EUR/JPY…99.68 … Continue reading
Point & Figure Patterns this A.M. shows a double top in the SPU’s @ 1342.50 and the Brent OIL @ 116.70. Long Brent/Short WTI is the feature in the Oil Mkt. Spu’s…is all about where and how they hold breaks today into … Continue reading