Tag Archives: XLU
Midday Missive
Nasd 100…just had a 100 point move in the past 4 hours, which is a big std deviation move. 4265-75 is the low risk buy level. It’s a trade the news market. It will be a time frame trade the … Continue reading
A.M. Look 1/29/15
General Comments or Valuable Insight We had a pretty big sell off from key resistance levels yesterday. QQQ,NASD 100 Pit and XLU put in ORL days. In order for yesterday to be a one day swoon IBB & XLU would … Continue reading
Midday Missive
The market is still a correction in the Nasd. Investors are rotating ( trying to hide in XLU & Insurers this A.M.) This is simply rotation into what seems to be lower risk dividend instruments. This game too will end. … Continue reading
Midday Missive
Technology has the best looking charts. They are also following through from a technical perspective. AAPL…closing above 545 will start a whole new up leg. I can make a case for GS to bottom, however this is not the market … Continue reading
A.M. Look 10/11/13
Stocks.. Spu’s…1676 becomes near support. Only price action under 1671 changes the pattern. Maintaining and closing over 1687 will lead to a test of 1705.1692.25 is the weekly ORH # Nasd 100…3251.25 is the weekly ORH# Nikkei…closing and maintaining over … Continue reading
Midday Missive
Nasd 100…3100 should bounce the first time down., however the bigger game will be played out @ 3076.50 which is the Monthly ORL#. SPU’s…1530-32 is the Monthly ORL# and the first downside tgt CB…Chubb Ins, a relatively low risk name, … 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
Midday Missive…Undervalued Assets
AAPL…this needs above 432 to gain upside momentum. Emerging markets. FXI… (China) a close above 33.65 will start another leg higher. EWZ…(Brazil) investors are bottom fishing here today. This needs to maintain and close over 43.10 for higher. This was … Continue reading
A.M. Look 7/9/13
Stocks.. GLD…122.88-123.33 is resistance. Closing above this level will lead to a test of 125. AGQ…a close above 17 is needed for a try at 19. GDX…technicians will be looking for an upside breakout above 23.70 to hold and go … Continue reading
Midday Missive
XLU…37.25 close will signal the worst is over for the Utilities. XLP…a close above 40.40 will lead to another up move. XLV…as long as healthcare closes higher on the week we remain friendly. XLI…43.31 is support. XLF…must remain above 19.82 … Continue reading