Tag Archives: XLK
Midday Missive
Euro…the resting buy stops are over 138.80, today’s ORH# Gilts…a close today over 110.30 puts in an ORH day. Today’s low is it’s 200 DMA. KBE…a close over 32 will provide short term bottom to trade against. IBB…has held for … Continue reading
A.M. Look 4/8/14
Stocks… TSLA…203 is current pattern support with resting sell stops below. 191 is weekly support. The lowest risk buy zone is 167. XLY…62.50 is the 200 day mvg avg. XLI…the longer time frame charts show this is vulnerable for a … Continue reading
Pattern Reminder
SPU’s,SSO,Nasd 100,QQQ,QLD,PCLN, ASX 200 Futures,MVV,Midcap 400,XLK,XLV, Are all putting in ORH months. This is a bullish formation. Any one looking to short this formation before Early Monday morning is daft! PG,CB & some of the more mundane names look to … Continue reading
Midday Missive
NFLX,GS,TSLA, EPH4, Spu/Bonds are all attempting ORH days. Today was a classic opening range trade in the Equities. Instruments opened on their lows broke out to the upside and kept going. Friday is month end. The swing count in the … Continue reading
A.M. Look 2/4/14
Stocks… Spu’s…can still print into the 1720’s and rebound. Price action early will dictate the day. MSFT…put in an ORL day. Sustained price action and a close below 36.30 will signal a deeper correction. First stop would be a test … Continue reading
A.M. Look 1/7/14
Stocks.. XLV,XLF & XLK are three sectors that are holding up. EWG & EWP…are both hanging in from a technical perspective. The risk in Germany (EWG) is a close below 30.50 EWP has to remain above 36.95 close. FXI…35.85 needs … Continue reading
A.M. Look 10/2/13
Stocks… EWG…needs to maintain and close above 28.03 by the end of the week for higher. EWP…closing and maintaining over 35.50 is the upside breakout for Spain. As long as this ETF holds 34.75 things are looking up. EWZ…47.95 is … Continue reading
A.M. Look 4/4/13
Spu’s.. call me a reluctant Bear, we have to go 1544 sellers to break. 30 yr Bond…P&F resistance started at 145.22 yesterday which gave us initial price rejection, however we’re only concerned with the bigger macro areas which we laid … Continue reading