MAZing

MAZing

As a follow up to the 4-15 call, the NAZ is trading in the Range 14060 - 13050. The 10YN Short Squeeze appears to be over and we may see some lower price action. Any break above or below the NAZ Range should have follow through to targets.

MAZing Updated 

The "Air Bubble" from 4-13-21 will most likely pop today or tomorrow. The 4-13 Overnight lift and 4-15 Overnight lift is mostly Index Futures price action. The Open Session decline on 4-14-21 was erased by the use of Overnight activity. Should the Open session activity not maintain price levels, the current price levels will not hold and pop the air bubble. Look...

MAZing Updated 

NAZ appears to be in a long liquidation day, careful with buying the dip. Russell is taking new money and most likely coming from Tech. Update on Russell bounce from yesterday.

MAZing Updated 

NAZ, DJIA and SP500 are at all time highs, may need to test lower levels in order to go higher. Russell may be the key, needs to get going. NQ may retest 13550. Russell appears to be targeting 2180. Again with NAZ, much action in overnight and not much follow through in Open, only in final 30 minutes of past 4 days. Watch for weak close and expected negative...

MAZing

The following may be helpful with spotting, entering & exiting trends. Range bar 35, dual screen. Red is Short and White is Long. Short on red bar below Thick Red Line and Long on white bar above Thick White Line. Short and Long trends will clearly be displayed with consistent same color bars. I find that Range Bars clean out noise and provide clarity of price...

MAZing Updated 

Should the NQ not break above 13800, Short Target at 13640 and 13600. We will know in next hour. Look for Pull Back to 13725 for failed Short to next Long and Target 13800.

MAZing

Update to the 2/15/21 call of the correction, retracement back to Start is complete. Test #2 or move high? Low volume days lately, big earnings next week and the volume will return (upside or downside VOL), We will find out.

MAZing Updated 

Long appears to be the direction today. The Jobs number is tomorrow, long weekend and 4th wave (Virus) chatter, may create a late day pull back. Yesterday we did see a PB into the close.

MAZing Updated 

The NAZ popped 50 Points at 4am, can't seem to find reason. Could be small propping, expect "Air Bubble" pop back toward 12890 prior to Open or 1st half hour of Open. Should this hold, I believe it will be a LONG trade from there. Month End movement may create added vibrations near day end. VIX is up and 10YN is stable at lower level. Previous days 12800 has...

MAZing Updated 

The Range playing with the NAZ is all I see. The 10YN and Russell are at their lowest (recent) levels, the Dow and SP are at their highest. Should the 10YN and Russell Bounce, the NAZ will follow and the potential drop of Dow & SP would be less concerning. We may see some continued fall out of the Block Trade issue. Look to short at top range 13000 and buy at...

MAZing Updated 

Next week will be busy, Month End, Quarter End and Friday (Close). This past week the NQ played in a range of 450 points of which 250 popped up in final 2 hours (mostly final hour). The 10YN did drop and closed at its low of the day, yet the NAZ rallied into the close. I have provided some Buying & Selling Zones, Buy Zone 12750 Area / Sell Zone 13100 Area....

MAZing Updated 

Following all US & most world indexes, UP. 10YN is only variable. Run up in overnight, pull back at open and the dip buying will come in heavy.

MAZing Updated 

The lower targets of NQ are still 12600 & 12400. The 4 Index chart (attached) shows (White Line) as potential reversal targets. The Russell is there and may help to reverse course. The 10YN looks to currently have support at current level. We should see a bounce with indexes, after a further pull back. Going with similar to yesterdays call.

MAZing Updated 

The 10YN moved down and all 4 Indexes bounced up, this is the opposite of recent action (chart below). Other markets (Europe & Asia) are down, watch out for bounce on long side. Should the 10YN break the TL in chart below, may not create the market response we would expect. I am going with a simple "Buy the Dip" on the NAZ today. The better play today may be the...

MAZing Updated 

Going with a long on next move. The NAZ has easier float to upside, while other 3 indexes are higher and the opposite. Watch the 10YN, the slightest bounce will relay chain reaction and the NAZ will fly the highest. Should Long not play out, downside targets are 12600 & 12400 and I would expect a bonce off these levels.

MAZing

The NQ 100 Futures contract 2/15/20 call/idea was used as reference or comparison to the March 25, 2000 decline (Tech Bubble start). The initial 11% decline target was hit and the index does have some support. The Idea was published to illustrate the effect of whole values vs reduced values and the associated percentages. The 2/14/20 Idea (linked) will help to...

MAZing Updated 

Thursday's decline started in the overnight with the 10YN yield rise and the momentum continued. The next move should be a typical Overnight Futures bounce & reverse. They like to short from higher point. The continued rally selling may appear again after a move up. Strong buyers may come in, lower major buyers zones are 12600 & 12400. Should the NAZ not bounce...

MAZing Updated 

The Short & Long Targets, basically above White Channel Line (Blue) and below (Yellow). This should be the playground for balance of the week. 10YN is off .60% and taken down 3 major US indexes (expect DJIA). Should the DOW join, we can see further downside. Rally selling may be common over balance of week, yesterday's appears to be #1. I will update, as we go.