Friday, May 10, 2013

Weekend Charts

Will be posting various charts here, looking forward to next week. One chart I've been keeping an eye on is the NDX chart, and its pretty much peaking here around 2990, the key area I pointed out earlier this week.

Bonds are selling off because of the Hilsenrath article, and ES has gapped down this evening as well, but until 1620 is convincingly taken out, long side trades still provide better opportunities.

Levels on ZB to be aware of ,144 is a big level, and if we test it and hold it tomorrow, I'll be looking for longs. Under it, short it with stops above 144.

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