Stocks… Spu’s…as long as 2060 holds on breaks downside is limited. 2020’s would be a gift to buy Spu going into year end. Nasd 100…4258 is support and the downside pivot. Below you could see a 40-50 point break. … Continue reading
Stocks… Equities have had a massive one way lemming effect trade into this A.M. They need to digest a little before being marked up into Year end again. My favorite names on breaks are UNH,MMM,XLP,BRKA. IWM…is firm over … Continue reading
Stocks… Spu’s…2022.50 in the Mini’s and 2012 in the Pit contract will be pivotal into Month end. They are this qtr’s ORH #s. Yesterday’s low was either the low for the rest of the week, and most likely the year, … Continue reading
BUY XOM @ 95.85 STOP ON CLOSE! With December Oil Futures expiring, I’ll look to play a rally in the Futures via the names. I like the pattern in XOM, however I want to see a momentum breakout before I … Continue reading
Stocks… Spu’s… could go as low as 2009-12 without doing any pattern damage on a disappointing payrolls #. DAX…9310 is today’s 50 DMA XLY…Consumer Discretionary will get up and go over 68.10. Both XLE & DIG look good to me … Continue reading
Stocks… GS…177.25 was last years close. A close today above 182 puts in an ORH week, targeting 192 short term. Semi Annual resistance starts @ 189. By remaining above 177 GS should retest the 215 level it broke from in … Continue reading
Stocks… IWM…115.11 is resistance and the upside closing pivot. XOM…98.11 is the 200 DMA. EXXON has been going sideways and holding it’s 200 DMA while the Crude and Brent have been imploding for the past 12 trading days. Of the … Continue reading
Stocks… GPRO,TSLA,EXPELNKD,TMC,XOM & COP will report earnings today. Bonds 30 yr. Bonds…Price action and a close under 137.22 is needed for confirmation of a high. Bonds have to keep rejecting this level on rallies which is the weekly ORL #. … Continue reading
Nikkei…13,900 becomes a big longer term hold level. Closes under 13,700 are price negative. Bottom fishers will be better served looking at the Oil patch. CVX,XOM aren’t breaking… COP has potential as long as it remains above 62.50. Spu’s…a rally … Continue reading
Here is a group of names that are all trying to bottom. Some have already gone from support to resistance like VLO. These will all be in play after the Fed release if the Equity Indices hold the first break. … Continue reading