Tag Archives: XCO
A.M. Look 10/24/12
Welcome to the mid-week shuffle… The main feature of the board this A.M. is the correction in the Euro crosses off disappointing economic news out of Germany, in particular EUR/AUD,EUR/JPY,& EUR/GBP. Euro…128.90 ish seems to be the tipping level. Once … Continue reading
A.M. Look 10/23/12
Oil…there are stops below 87.70. 86 appears to be the low extreme for today. 88.85 will act as a short term upside pivot level. Spu’s…maintaining under 1417.50 should lead to another 10 points lower for a start. As long as … Continue reading
A.M. Look 10/22/12
Nasd 100…got to our tgt area which was close to the 200 day mvg avg. in the 2650’s, a level we have not seen since July when we were trading around 2515. Resting buy stops are over 2688. Oil…91.50 (Z) … Continue reading
A.M. Look 10/19/12
Goog…673.50 is the monthly closing level to keep the pattern intact. There will be resting stops below with 666 next support followed by the big fib matches at 640-643. Natgas…as long as this holds the breaks above 3.45 we remain … Continue reading
A.M. Look 10/18/12
Spu’s…1457.25 will be the focus level the rest of the week. This is the ORH weekly #. Maintaining above will entice all new buying. Rejecting the level will start the lemmings to run. 30 yr…146.12 is an important hold level. … Continue reading
XCO…Stop Adjustment
It’s money management time. We’re looking for initial price rejection around 9.33. Our max upside for now is 10.40. You’ll note that the #’s have slightly changed. We are raising our Stop Close to 8.75!!!!
A.M. Look 10/17/12
Euro… buy stops are 131.72, with 132.50 being a sell zone the first time up. 30 yr…weekly stops are under 147.10-12. This is also the 50% of the recent range. 147.00 would be a good place for short term traders … Continue reading
A.M. Look 10/16/12
Euro… is at the top of a triangle and channel line as shown on both the Point & Figure and Bar chart. Weekly stops rest over 130.60-75. Yen…is getting close to our breakdown level. 126.40-78 is still the closing support … Continue reading
A.M. Look 10/15/12
Spu’s & Nasd…are both at short term resistance. The low 30’s in both should be problematic. AUD/JPY…80.65-70 is resistance EUR/JPY…102.12 is resistance Soybeans…our original statements from last month still hold in the Beans. Our full downside swing count for this … Continue reading
A.M. Look 10/12/12
Nasd 100…2715-20 now becomes the key hold level and near term closing pivot. Spu’s…the resting stops are below 1425. They elected them last night…now all new strength over 1437 will run out all the shorts. I would still need a … Continue reading