Energy and Healthcare are the two sectors worth reviewing. There is massive short covering in the EEM off this Oil rally.
Stocks… Spu’s…1964.50 was Sunday’s opening range with small buy stops above. Sustaining and closing above should solidify this low. This is an exit zone the first time up for Futures traders. Bears will give it one more go @ 1978. … Continue reading
Stocks… Nasd 100…4265 is the first target. Spu’s…1965-75 is the first buy before you sell level. DAX…led the rally in 2014 and led the down on this break. 10,000 +- a few was the breakout level. This will continue to … Continue reading
XLV & UNH are the only 2 things I want to own on the board. IYZ…the telecom I shares ETF is putting in as bottoming pattern, working on an ORH week. Closes over 30 is needed to confirm the pattern. … Continue reading
Over the weekend John Paulson announced he was starting a Healthcare fund. Like Krieiger, the former Bankers Trust trader, who made a fortune shorting the Pound in 1992, the follow up trades were less than stellar. Paulson started a Gold … Continue reading
Stocks… XLK…43.25 is resistance and the closing upside pivot. MVV…remains firm above 81.80. UNH…is a low volatility healthcare name. This remains firm over 115.80 close. XHB… 36.48 is the weekly ORH # XLE…put in an ORL day. 77.67 is unchanged … Continue reading
As of now we’ll be stopped out of SOXX,FEYE,XLV on the close. VIPS has rallied back, however without a massive short covering rally that needs to start just after 2 CST in the U.S. Indices, I am selling VIPS along … Continue reading
Stocks… Nasd 100…needs a close over 4335 for more upside. 4355-65 is daily support. Spu’s… price action under 2079 is needed to turn the P&F lower. 2070 is support and the market meltdown level. DAX…I need to see 11,800 hold … Continue reading
Stocks… ACT…needs new closing strength over 302.50 for a run to the highs. BMY…needs to hold 63.40 close to keep pattern integrity. MBLY… Anywhere near 43 would be a low risk buy. NFLX…the 545 fib extension was hit shortly after … Continue reading