reports
- William Basa
- William Basa
- William Basa
No Emergency; "The Price Is Right' - GMR Macro-Technicals - 18 Feb 201...
CBS had a mini-breakout with Friday's strong close and projects +/-8%-10% higher. S&P500 is trend up and set up for another thrust to new highs this week. US Treasuries are freshly bullish and point to lower yields. EURJPY and GBP are both at risk of acceleration lower.. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
GMR Macro-Technicals - 6 February 2019
The Apple (AAPL) rally has reached its first long-term resistance since the lows - Feb monthly downtrend and first Yearly resistance. It is viewed a sale, with rotation lower expected. S&P500 remains bullish, but with deep trend support allowing for pullback as well. The rallies in USDJPY and EURJPY are approaching monthly downtrends and a sale.vSee GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
- William Basa
GMR Macro-Technicals - February Monthly Outlooks, 1 Feb 2019
The US Dollar - both the Dollar Index (DXY) and vs major crosses - is in danger of breaking hard in February. The key trigger level across markets is the Quarterly trend. S&P500 ended its monthly downtrend and points higher - 2830 possible. US Treasuries are trend up, but with wide, two-way, tradable setups. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
GMR Macr0-Technicals - 28 January 2019
S&P500 continues to trend up, with potential to accelerate as the setup turns asymmetric above 2670. US rates are expected to contineu their gentle backup to developing monthly uptrends for Feb, all buy levels. Both USDCAD and AUD should follow-thru to their Q1 trend targets this week. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
Stocks "Time In The Barrel": Big Earnings Week Ahead (GMR Weekly Notes...
Markets This Week: Stocks: Apple (AAPL); Microsoft (MSFT); Verizon (VZ); DowDupont (DWDP); Pfizer (PFE); Facebook (FB); Tesla (TSLA) Forex: Dollar Index (DXY); NZDUSD Commodities: Bloomberg Comm Index (BCOM); WTI Crude (CL1) Rates: US 10-years; US 5-years; EDZ9.
- William Basa
GMR Macro-Technicals - 25 January 2019
RIG continues to trade well versus weekly/Feb support structure. As long as that area holds, it has potentially large (+20-25%) upside for Feb and rest of Q1. S&P500 is tightly wound and ready for its next breakout - keys are 2612 vs 2655. US rates are buy on weakness. EURUSD points lower to deeper Q3 target. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
GMR Macro-Technicals - 21 January 2019
United Technologies (UTX) faces a formidable series of longer-term hurdles coming out of earnings this week. There are a number of very tradable levels to work against this week in GBP, USDJPY and EURJPY. US Treasuries fell neutral and should correct back to Jan/Feb/Yearly buy zones. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
- William Basa
GMR Macro-Technicals - 16 January 2019
S&P500 finally pushed thru its weekly breakout at 2605, exposing upside gap to the 2681 Jan monthly downtrend. Philip Morris )PM) had a similar breakout close with near-term bullish implications. GBPUSD remains positive as long as 1.2715 weekly trend holds. US rates are neutral for now, with bonds the closest to downside exposure. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
Market In Conflict: 2019 Rally Runs Into 2018 Resistance (GMR Weekly N...
The boundaries in the market are very deep bullish-leaning weekly trend support (2019 optimism) VS oncoming Jan/Q1 resistance levels (2018 damage). All as earnings approach. Markets This Week: Stocks: United Parcel Service (UPS); Goldman Sachs (GS); Wells Fargo (WFC); JP Morgan (JPM); Verizon (VZ); Transocean Ltd (RIG); US Steel (X); Netflix (NFLX). Forex: DXY; ADXY; CADMXN Rates: 5s/30s; Gilts (GUKG10)
- William Basa
GMR Macro-Technicals - 14 January 2019
Sprint (S) is on the edge of an acceleration move higher thru Jan/Q1 breakout resistance. The S&P500 leans bullish, but with deep trend support. The result is expected to be wide two-way trade this week. US Treasuries are neutral. GBP turned trend up and is expected to have see strength to +/-1.30. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
Out Over The Skis: Stocks Outrace Supports (GMR Macro-Technicals - 11 ...
Stocks are pretty far out over the skis right now with deep weekly trend structure inviting a ~4% rotation lower. NFLX also faces formidable Jan/Q1 resistance at the 340/350. In FX, GBP is quietly turning weekly trend bullish for the first time since Sep. Upside expands above 1.2820. Treasuries are neutral.. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
GMR Macro-Technicals - 7 January 2019
Lennar (LEN) is one of the first earnings for Q1 and enters the week on a positive note with upside extension possible. S&P500 did turn weekly trend neutral, but will need to clear initial Jan resistance at 2560 to extend higher. US Treasuries are neutral. AUD has potential for major reversal off last week's spike lows. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
Wildcard: Can Stocks Extend Rally Off Yearly Uptrend? (GMR Weekly Note...
Markets This Week: Stocks: AT&T (T); General Electric (GE); Home Depot (HD); XPO LOgistics (XPO); Salesforce (CRM); Amazon (AMZN); S&P Eneergy Sector SPDR (XLE) Forex: USDSGD; USDPHP; AUDJPY; Gold (XAU) Rates: Aussie 10s (GACGB10); Bunds (GDBR10); 5s30s
- William Basa
One 'Bad Apple?' (GMR Macro-Technicals - 4 January 2019)
Apple (AAPL) closed just below its key Yearly trend support at 145 yesterday. If sustained, it is trouble moving forward. If i can rebound, there is plenty of room to bounce. S&P500 hinges on similar 2415 Yearly trend. Treasuries are bullish, but expected to top out at Q1/Yearly resistance. See GMR Macro Technicals for specific price levels and detailed Trade Strategy.
- William Basa
GMR Macro Technicals - Special 2019 & Q1 Outlooks - 2 Jan 2019
The long-term trends in DXY remain bullish above +/-95 until proven otherwise. S&P500 direction hinges heavily on its Yearly uptrend. US rates edge toward lower yields early in year, but likely to rotate back higher. Big USD trends to start the year are in USDCAD and GBP..
- William Basa
The Bull Is Dead, Long Live The Bull - (GMR Weekly Notes - 2019 Outloo...
Markets: Stocks: Pfizer (PFE); Eli Lilly (LLY); AbbVie (ABBV); Nexstar Media (NXST); Amazon (AMZN); Alibaba (BABA); JD.com (JD); Triton International (TRTN); Healthcare Sector ETF (XLV) Forex: EURGBP; Dollar Index (DXY); GBPJPY Rates: 2s/10s; 5s/30s; EDZ9
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