The silly season could be ending. Make sure you have appropriate trailing stops. X EUR/AUD
Daily Market Intelligence 7-13-16
Tomorrow morning is the ADP # before New York trade starts @ 7:15 CDT. We’re in a full on feeding frenzy led early by the Oil patch. Today’s last 45 minutes to an hour could see some position squaring while … Continue reading
Stocks… Spu’s…1965 is near point & figure support. 1978 fills out the reversal for initial resistance. X…this names has lost 50% of it’s value since mid August. The path of least resistance looks to be up. The risk to own … Continue reading
Energy names are bottoming. COP,GPOR,TSO,SCTY & SPWR..are attempting an ORH days. Solar has been bid all day. Spu’s double bottomed. LNKD & X..are attempting an ORH day Hack..has retested the original break out in May @ 30 and held. FXI, … Continue reading
EURO…114.46 is resistance and the upside momentum # GBP/USD…needs over 152.50 resistance to extend. X…U.S. Steel 21.56 is the closing upside momentum #. Gundlach has made positive comments on the Gold & Oil. Look for a resumption of Short Euro/Long … Continue reading
Stocks… IWM…put in an ORL month. Russell continues to be the dog with fleas. 107.44 is the next set of macro sell stops. If these get elected look for another 8% down. SPU’s…sustained price action and a close under 1954 … Continue reading
Stocks… IYT…put in a potential topping pattern with an ORL day. Price action and a close under 154.00 is needed for lower. X…put in a potential topping pattern with an ORL day. Sustained price action under 44.60 would leave way … Continue reading
Are you light in the shorts? Need to have more upside exposure? Here is a partial list of where to start looking. SSO…Sept 14 120 or 120.50 calls QLD…Sept 14 127 calls LNG…Sept.14 85 calls TSLA…Sept.14 270 calls GILD…Sept.14 105 … Continue reading
Stocks… X…U.S. Steel remains firm above 39. UNH…trend support is 86.70. The first short term tgt is just below 90. Longer term this can go to near 110 as long as there is no close below 86.70. TSLA…remains firm above … Continue reading