GOOG…remains positive over 1025 with an eventual run just shy of 1100. XOM…95.49 is the qtrly ORH #. This level will run the next swings. Above, we’re looking for this to move to 100. LNG…has been a market stalwart for … Continue reading
We’re exiting the SDS and the TLT today. We will use this break to exit relatively unscathed and clear our head. We’re willing to give this a little more timethis A.M. to get back closer to our entry levels, however … Continue reading
Enclosed are a few charts we think will prove to be important the rest of the week. IYT…Transports are near channel resistance matching the 50 day in the Spu’s Spu’s…still need to get over 1434 to run. Oil…the charts in … Continue reading
Once again there is no trade in the Indices, It’s all in a name. These instruments are all attempting ORH weeks. Where is the money going?…It’s here. Keep these on your radar screen. … Continue reading
Oil…is putting in an ORL day. Sustaining below 94.85 ish will put Oil into retrace mode from the $78 June low. XLE…shows that a break into the mid 69’s is possible. XOM…86.33 is the 50 day mvg avg, support the … Continue reading
If you’re looking for signs of life for a mid-week contra trend rally in the Equity Indices, the Oil names are worth perusing.
We have many similar chart patterns forming. Here are some names that are looking good to us. Those wishing to increase Risk can review some of these names w/the commensurate stops. FFIV …Five networks with a stop against today’s low SMH….Semiconductor Etf..stop … Continue reading
General Execution Note… Most of you are at your screens for the first few minutes of trading everyday, regardless of your day job. When an instrument is up 5% just after the opening, and 10% in a couple of trading … Continue reading
Investors who wish to be involved with individual instruments should consider IBM,MMM,Cat,OXY,XOM,JNJ to name a few. The Grain names have already bottomed. The trade location is not good in this sector, however a close over 68.30 in MON ( 200 … Continue reading
There are big natural resting stops below these #’s in the Indices…Keep them in front of you. There is a huge end game setting up for the end of the qtr. ( this months close). A close under 1249 in … Continue reading