Technically Speaking IBB is approaching support at 240. A break under 240, could see a move toward 200. What to do? I will watch and see what happens at the 240 level. I am looking to buy if it holds. If it breaks, I am looking to buy at the 200 level. Ultimately, I am looking for a move back above 300.
Technically Speaking The two levels I am watching is the 110 level and the 90 level. If it does break the 110 level, panic might set in and we may see 90 very quickly. What to do? Even though Facebook crushed earnings, they lowered expectations on mobile ad growth. Often, it is not how well a company does, in the absolute sense, but how well they do...
Technically Speaking The two levels I am watching is the 110 level and the 90 level. If it does break the 110 level, panic might set in and we may see 90 very quickly. What to do? Even though facebook crushed earnings, they lowered expectations on mobile ad growth. Often, it is not how well a company does, in the absolute sense, but how well they do relative...
Technically Speaking Resistance at 52 held. That level has not been cleared since October 2015. It looks likely that oil will retest the early August low at ~40.00. W hat to do? I think the top of the range has clearly been established at ~52. If we get to 40, we will see if it holds. For now, that is the range I would look to trade 40-52.
Technically Speaking Price broke down through the pivot at 2120. The next technical level is the 100 WMA, followed by support at 2040. Look for 2120 to provide resistance. What to do? The big risk event this week is the NFP report on Friday at 7:30 CST. That report will likely determine how the week finishes. I will be waiting until after the NFP report to...
Technically Speaking EUR/USD is coming up on a confluence of resistance at 1.1125 and the 100 DMA. When I refer to confluence, I mean that 2 or more technical levels/indicators that are obvious to everyone. Risk Factors The biggest risk factor is the Non-Farm payroll report on Friday at 7:30 CST. What to do? From these levels, the R/R would seem to favor a...
Technically Speaking Price is right at the 103 level and right above the 100 DMA. I am watching and seeing how price reacts around these levels. Anything under the hourly time frame is noise in my opinion. Risk Factors Important economic reports to end the week. Unemployment claims tom at 7:30 CST. The BIG ONE- Non-Farm payroll report Friday at 7:30 CST. ...
Technically Speaking The cross held the rising support level ~.97. The range seems to be 9950-9700. What to do? I took a short position off this morning after the 97 level held. I am not looking to put a position on until after NFP on Friday.
Technically Speaking Nice selling pressure from last week, note green arrow on chart. The 56 level will look to provide support, if that level goes, the next good support comes in at 58. What to do? If looking to short, a stop above last weeks high of 61.37 makes sense. Target the 56 and see how it trades. For the longer term play, look to hold to the 48...
Technically Speaking SLV held the confluence of support-the 50% retracement and the trendline, both noted on the chart. Looking for a break above the yearly high at 19.71. What to do? Buying dips seems like the better R/R, stopping out under 16.
Technically Speaking The stock is coming up on support at $200. Fundamentals Here is a summary of the company Here is a nice write-up on what has been ailing the stock, in the writer's opinion. What to do? The R/R seems to favor a long position at these levels. A break under the $180 level would indicate to me that this stock has further to fall. I...
Technically Speaking Two good things are happening in my view. The stock has held the 50% retracement and the 21 WMA. Bulls should be looking for move above the $14 level. As noted on the chart, there is a lot of air until the next supply level towards $20. Fundamentals Here is a summary of the company Here is a nice write-up from Seeking...
Technically Speaking Bonds closed below the pivot level at 132.50. The next level of support comes in at 127.50, right around the 100 week moving average. What to do? The R/R does not seem to favor being long or short at these prices. If 127.50 holds, a long position, stopping out under 125 makes sense. For now, nothing to do but sit on YOUR hands.
Technically Speaking Cross blew through previous high prints before encountering selling pressure before parity. The R/R favors a short position in my opinion. I am personally short this pair. Looking for a move back down toward 98.
Technically Speaking The 114.00 seems to be an important level for this cross. A break and hold will likely put 115 and possibly 116 in play over the coming weeks. What to do? From my experience, it seems to me that the risk is for further gains. I believe there will be better levels to short at. If looking to get long, I would wait for a break and see if the...
Technically Speaking Demand seems to be strong around the $22 level. Good supply comes in at $30 What to do? The R/R favors long a position, in my view, stopping out below $20. I would look to hold for a break-up through $30.
Technically Speaking LULU is holding the pivot area of 55ish, so far, the week is not out yet. A pretty clear range looks to be forming b/w 55-80 level, assuming the 55 level holds. Fundamentals Here is a summary of the company. What to do? Bit of a tough one for me. The R/R seems to favor the long side, but I think the bigger level and tougher one to...
Technically Speaking Trading in the support zone. A break here could open the door for the 15 or even 10 level. IF things go right, the upside is pretty obvious, a 2x at least if get's near the high prints in 2014. Fundamentals. Here is a summary of the company. Zacks has a nice write up. What to do? From these levels, the R/R favors the long side, in...