Daily Archives: 05/09/2013

Chart Patterns…Sectors

Posted on 05/09/2013

XLP…working on an ORL with a close below 41.14. There is downside acceleration sustaining under 40.88 XLF…a close below 19.09 puts in the ORL XLE…needs under 80.25

QID…Trade Alert!

Posted on 05/09/2013

Buy the QID @ the market! This is the double short Nasdaq

Be Vigilant…

Posted on 05/09/2013

Euro…129.70 is the qtrly pivot and support.. AUD/USD…is breaking down on the monthly charts after electing the 101.15 sell stops. Equity Indices…will make a decision on direction in the next 45 minutes. All this price action has happened with out … Continue reading →

Yen & Yen Crosses

Posted on 05/09/2013

USD/JPY @ 100.60 ish has now completed a 50% swing back from 2007 while hitting the same swing and tgtin EUR/JPY @ 132. This is an exit zone for Dollar Bulls the first time in. You’ve seen a massive running … Continue reading →

Natgas & UNG

Posted on 05/09/2013

Surrogates trades would include ECA,CHK,DVN,CBI,LNG

Natgas…UNG

Posted on 05/09/2013

Not for the feint of heart! This is attempting an ORH day to the upside. The low was a good enough low to hold, even though we were looking for the lower Fibs @ 3.80 to initiate a Long. The … Continue reading →

VIX

Posted on 05/09/2013

Long only players have been buying the VIX every time it gets below 13 as a hedge against their portfolios. This started yesterday and we’re seeing it again this A.M. 13.38 -58 is today’s resistance level.

TBT…Follow Up

Posted on 05/09/2013

We’re looking for just shy of 63 for an initial swing up. Take 70% of your profits here. You should be working an OCO order (one cancels the other). You’re selling TBT on a 61.40 stop or selling TBT @ … Continue reading →

TBT…Day Traders

Posted on 05/09/2013

Today’s low will be a near term pivot for the TBT. A hold and it will try higher. A failure at today’s low and you’ll see 60.30. Buy with a tight stop against 61.40

A.M. Look 5/8/13

Posted on 05/09/2013

GBP/USD…buy stops are just over 156.10. Once above look for 157.30-60. Daily support and the downside pivot is 155.25. Below, look for a figure to the low 154’s. EUR/GBP…macro sell stops are under 83.90 Euro…131.32 is support and the downside … Continue reading →