Friday, July 29, 2016
Friday, July 29, 2016 Morning Comments by Michael Blythe
Good morning. U.S. equity futures with a muted reaction to BoJ overnight. Today is the EOM trade, July has downside bias EOM historically for equities. For now, still in this range, until it breaks it’s a rinse and repeat of the entire week. Ps. When it does break I think it will headfake.
Lower prices: 2158 (*) support begins 2154 (**) support get’s stronger. *If* ESU somehow converts the 2155 area to intraday resistance then 2146 (***) is the target and where I expect buyers to arrive.
Higher prices: 2163 (*) begins the supply zone, while 2166 (**) represents even stronger supply. *If* somehow 2166 is converted to support intraday then 2170 (*) becomes first target followed by 2172 (*).
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Thursday, July 28, 2016
Wednesday, July 27, 2016
Wednesday, July 27, 2016 Morning Comments by Michael Blythe
Good morning. I could likely copy and paste what I have written the first two day’s of this week. Demand zone is still 2155-60 and supply zone is 2165-70. Trading the open has been the strength this week (at least for me).
Prices below are as follows: 2165 (*) as my early pivot, then initial support at 2160 (*) followed by 2155 (**). A clear break below that targets 2146 (***) where I would expect buyers to come in. Below 2146 I would not be buying.
Above: 2170 (**) seems to be itching for a RTH test how the ESU handles that area will be the tell today for me. Above is 2172 (*) 2175 (*) and 2178 (*) as targets.
Bottom line, it’s Fed day. Best trade will be early before everything goes quiet. Last Fed meeting the reaction was fairly muted and I would not be surprised to see a *relatively* muted reaction today.
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Tuesday, July 26, 2016
Monday, July 25, 2016
Subscribe to:
Comments (Atom)
Disclaimer and Terms of Service
© Copyright 1998-2023, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, Naples, FL 34112, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Analytics, LLC believes are reliable, but we can not and do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Hamzei Analytics, LLC or its principals may already have invested or may from time to time invest in securities or commodities that are recommended or otherwise covered on this website. Neither Hamzei Analytics, LLC nor its principals intend to disclose the extent of any current holdings or future transactions with respect to any particular security or commodity. You should consider this possibility before investing in any security or commodity based upon statements and information contained in any report, post, comment or recommendation you receive from us. The content on this site is provided as general information only and should not be taken as investment or trading advice. Any action that you take as a result of information, analysis, or conclusion on this site is ultimately your responsibility. Always consult your financial adviser(s) before making any investment or trading decisions.
