What to do here?

Quick update on the levels:

  • Intraday trading support comes in at 1899.Traders will be going long as close to that level as possible and stopping out on any 240-minute close below 1898.The upside target for the trade will likely be 1934.
  • Intermediate / swing price target range remains down at 1831- 1872.

What to do?

  • Traders can buy close to 1899 and hold until 1934 is tested with stops in place on any 240-minute close below 1898.Then, short the futures at 1934 with stops in place on any close above 1935 on a 240-minute and a downside target of 1900.
  • Longer-term investors should already be in cash equivalents or bonds.If not, wait it out and you may see a bounce eventually that takes the futures back up to 1950.That’s where you could / should shed your equity holdings.
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FUGLY ACTION OVERSEAS HEADING INTO TUESDAY...

Thus far in the Asian session, things have only gotten worse. Now, the S&Ps are trading down over 30 points at 1935.50 – only a few precious points above the critical support (for the bulls) outlined here last night at ...

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Futures action this Sunday evening...

Short-term support:

  • Bullish: 1959.18
  • Bullish: 1938.41
  • Critical for the bulls to hold: 1931


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aapl

If aapl doesn't hold 102.75 into the close today, $80 or so will be the next downside target. Keep an eye out!!

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AAPL

In our technical (not fundamental statement at all) opinion, not a buy until $105 - $106 with stops in place on a close below $104. Next lower buy entry would be in the $80s should the stop be triggered.

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On the brink...

2051.25 is the critical level on the S&P futures. If that level fails on a daily close, the bullish macro technical set-up is kaput!!

Long-term models would likely be going to cash with the long SPY slot. The EFA ...

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LOWES GRINDING THROUGH A CORRECTIVE CONSOLIDATION. WHERE DOES SUPPORT SHOW UP?

Lowes stock is correcting right now and has key support down at the January closing high of $70.50. If that level fails to hold up, the next stop down for LOW will likely be the horizontal line support at ...

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HD technicals

Home Depot may have just completed a very long-term “third wave thrust” to the upside when it peaked out at $117.99 in March. Going back to the inception of HD’s trading back in December of 1991, the $115 ...

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Updates

Guys and gals,

Having problems with model portfolio order entry.  Actually, we thought the UCO position was long gone - only to find out to our dismay that it was still on the books and ruining our track record.

At this ...

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Apple technicals say....

Looks to us like AAPL can reach up to 132 - 133 without much of a problem.  Above that would likely require new catalysts.

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Holiday week update

Tech problems are nagging us right now - thus no full market report this week. 

Equities look to continue their holiday ramp - barring any unforeseen geo-political events.  2200 - 2262 remains the upside target range for the S&P futures (at ...

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Post-turkey update

Happy Monday!  Happy December!

We at Sea Change hope everyone had a great long weekend with family and friends!  On our end, it was lots of food, fun and football - culminating with tonight's Monday Nighter between the Fins and ...

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Reviews Average Rating          

         
Excellent advice these last turbulent months...
         
Wide stop loss and small at profit taking but that's their style.
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