Daily Archives: 06/21/2012

Copper | Weekly Pattern Alert!

Potential Outside Reversal Lower Week  

TBT | Trade Alert!!

We got stopped out intra-day… We’re going to RE-BUY a 25% position

SSO | Closing Trade Alert!

We’re seeing a big dollar rally which is not presently being translated into the buying of high yielding stocks. Sell the SSO @ the market if long.

USO | Oil Fund Pattern Alert!

80 per barrel is another natural # in the WTI. We don’t think there is a lot left to the downside in the WTI before we see a decent bounce We’ll be monitoring this instrument for signs of a short … Continue reading

A.M. Look 6/21/12

Spu’s…1341 then comes the trend line support and fibs @ the 1329-32.75 level drawn from the 1262 low. All new strength over 1358-62 is needed for more upside, Oil…the 78 handle in the oil as shown on the chart is … Continue reading