Daily Archives: 06/01/2012

JJG Grains ETN Daily Chart

This fell of my radar earlier this a.m. with everything else going on. The corn is leading this ORH pattern. A close over 44.51 puts in an ORH day, which is a price positive pattern.

Russell 2000 Weekly Continuation

The first rebound rally in the Midcap was a re-test of the 200 day moving average. Midcap has been the strongest on the spreads and is now the weakest. The Russell as shown, is trying to put in an ORL week.

Platinum Daily Continuation Chart

1448 is the 18 day moving average with Fib resistance @ 1457

Gold | Daily Continuation Chart

1580 was the upside break out in the Gold…targeting the 1628 level. We need to see all new closing strength over 1632 to start another leg up.

TBT | Closing Trade!

We’ve reached the 200 day in the Spu’s matching the Fibs in the OIL,Aussie,Canada and Platinum. We’ve seen a good bounce off the levels. We’re closing (Selling) this trade @ the market and will wait to fight another day. I have … Continue reading

ORH | Pattern Alerts

Euro…124.29 Gold…1572.60 Silver…28.09 Platinum…1419.50 Swiss Franc Futures…103.38…96.65 USD/CHF AUD/USD… 97.72

A.M. Look 6/1/12

The past 2 unemployment reports have marked a high in the Stock Indices and a low in the Bond Futures. Unemployment Fridays always become big inflection points for the Gold & Silver, generally marking significant highs and lows on increased … Continue reading