Monthly Archives: July 2011

GBP…Pattern Alert

Posted on 07/29/2011

The British Pound is putting in an outside reversal day to the upside, while for now, it is just shy of the outside reversal Monthly pattern. GBP/JPY is trying to make up it’s mind off a weekly pattern. It’s the … Continue reading →

USD/JPY…Fear Trade

Posted on 07/29/2011

The yen futures have elected the IMM stops over the March high. The cash spiked to 76.25 USD/JPY before the futures reopened, that’s app 131 ish. So yes, the futures can still rally another 140 points to match up with … Continue reading →

A.M. Look 7/29/11

Posted on 07/29/2011

It’s the last day of the Month: The overnight low in the Spu was app the 200 day mvg avg. ( 1282 ish), NASD shows value at 2295-2310 first time down…I would still like to see AAPL print 378-80 to … Continue reading →

SPU…Pattern Alert

Posted on 07/28/2011

The S&P 500 Futures just put in a double bottom from last night on the point & figure charts.. There is still a lot of time left in the day session for futures.. I am not going home long on … Continue reading →

General Comments

Posted on 07/28/2011

Silver just hit DL’s first support @ 39.50..the point & figure shows possibly over extended 39.25 first time down. Spu just hit some resistance @ 1308 The 30 Yr. Bond High was a tick shy of Dr. Nenner’s model # … Continue reading →

7/28/11

Posted on 07/28/2011

The big scalp continues. Higher highs or lower lows should be treated with suspicion today. The probability is that traders get trapped both ways today as the drama unfolds. Given yesterday’s low in the Russell I think the odds are … Continue reading →

Russell 2000

Posted on 07/27/2011

This is a trend line going back to last August. It matches up with the 200 day mvg.avg. in the Russell around 795. Be careful where you press shorts…The other indices based off this line show more downside room.

Gold & Silver

Posted on 07/27/2011

Key closing #’s to remain above.. 1608 Gold 40.13 Silver Closes below put in outside reversal patterns to the downside.

USD/CAD…Stops…Safe Haven Price Action

Posted on 07/27/2011

Currently USD/CAD is having difficulty with the 94 level. A close today over 94.80 will have us sell the remainder of this position. We’ve been stopped out of Cat…( “The dog with the least amount of fleas” Gordon Gekko ..after … Continue reading →

Opening Range Trades

Posted on 07/27/2011

This type of trade can often set the tone for an early day trade or the early week bias out of Asia. It’s not a hard and fast rule, but more of a conceptual idea to trade from a side … Continue reading →