Friday, December 23, 2016
Friday, December 23, 2016 S&P Comments from Michael Blythe
No synopsis needed really, quiet, holiday, uninteresting, and thin.
2273 (***) Third Higher Target + Resist
2268 (**) Second Higher Target + Resist
2264 (*) First Higher Target + Some Resist
2261 (*) Early Pivot
2252 (*) First Lower Target + Support
2248 (**) Second Lower Target + Support
2243 (***) Third Lower Target + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Friday, December 23, 2016 Morning Crude Comments from MB
I like selling $53.20 risking .20 to make .50, or selling $53.60, risking .20 to make .75 or buying $52.07 smaller, risking .15 to make .35.
$53.60 (***) Third Higher Target + Resist
$53.20 (**) Second Higher Target + Resist
$52.78 (*) First Higher Target + Small Resist
$52.55 (*) Early Pivot
$52.07 (*) First Lower Target + Some Support
$51.82 (*) Second Lower Target
$51.57 (**) Third Lower Target + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Friday, December 23, 2016 Morning Bond Comments
Bond market still trying to lean higher with unimpressive volume during a disinterested pre holiday week. The cash bond market closes at 1:00 pm cst time today.
150’05 (***) Third Higher Target + Resistance
149’27 (*) Second Higher Target
149’18 (*) First Higher Target
149’09 (*) Early Pivot
148’26 (*) First Lower Target + Some Support
148’18 (**) Second Lower Target + More Support
148’10 (*) Third Lower Target + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
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