Monthly Archives: October 2011

Pattern #’s for the Equity Index Futures

Posted on 10/31/2011

1228 S&P 500 2332 Nasd 100 883590 Midcap 400 73510 Russell Closes are needed over these levels for Outside reversal patterns. This simply shows we can have a decent break with the underlying chart pattern remaining intact. The Yen crosses … Continue reading →

A.M. Look 10/31/11

Posted on 10/31/2011

Last night was all about the Yen and the commensurate crosses. Once again the markets were wrong footed and the BOJ has shown how adept they’ve become with their intervention timing. The lemmings are running wild. AUD/JPY, usually a very … Continue reading →

A.M. Look 10/28/11

Posted on 10/28/2011

Today we find the board in profit mode after yesterdays monster Risk On asset chase. Outside reversal months to the upside ? A partial list.. DJI,S&P,NASD, DIG,XLE,CVX,OXY,GOOG,CAT,GS,XLF,RKH,EEM,FXI, You get the picture…now the monthly pattern is showing confirmation of the bottom … Continue reading →

AUD/USD…SPU…Risk Assets

Posted on 10/27/2011

We’ve just reached the daily swing counts in the SPU 1284 and a great level in the DJI of 1228, which is the August high. Aussie needs sustained price action and a close Monday over 107.66 for more Risk ON. … Continue reading →

Capital Flows…Market Extremes

Posted on 10/27/2011

Everybody seems to be jonsing to do a contra- trend here in the stocks and the currencies. Your risk in the S&P is a new high. Euro…some newsletters sold them around 141 ( the 200 day), over 70 points ago… … Continue reading →

A.M. Look 10/27/11

Posted on 10/27/2011

Just a welcome and a caveat for our new readers, we need your help to be successful. We are not always in front of the screen, e-mailing about every wiggle in the market. To that end, we continually try to … Continue reading →

S&P…Risk Off

Posted on 10/26/2011

The #’s have not changed for the downside. Mid to low teens… 1205-07 is a cover the first time down… We will exit 1/2 of our short S&P position just above this zone! Place your orders accordingly! Only a close … Continue reading →

A.M. Look 10/26/11

Posted on 10/26/2011

We went short the equities yesterday. At this point, our risk is negligible to see if this can turn into more than a 1 day sell off. Same stops as yesterday. Canada has re-tested the reversal level of 101.02 USD/CAD … Continue reading →

USD/CAD…Oh Canada

Posted on 10/25/2011

Canada is putting in an outside reversal day to the downside. 101.02 USD/CAD….99.13 Dec Futures. One wiggle through parity and it was all over, matching unchanged on the year in the Spu @ 1253. We are mentioning this because Canada, … Continue reading →

SDS…S&P 500 Futures

Posted on 10/25/2011

I’m buying a small position in the SDS ( Short S&P 500 Futures) The stop in the SDS is a close below 20.27. Futures Traders…there are 2 levels…Day traders… Those with less risk aversion, can try to manage shorts against … Continue reading →