Monthly Archives: January 2012

A Few Possible ORL…Patterns

Posted on 01/31/2012

It’s gonna be an interesting end of day game. OIL (CLH12)…98.43 3M….86.42 DE….86.34 XLI…36 Silver..33.03 Platinum…1601 GS…Hit tgt of 112.50 The stock rotation has been prolific again today…let’s see who wins  

Pattern Alert…MMM

Posted on 01/31/2012

86.42 becomes the pivotal level for 3M. A close below would put in an ORL day. Watch late day for general market tone  

TGT’s…MCP…SLW

Posted on 01/31/2012

This is a reminder to pay for your trades near the targets. “Sell some of your position off to pay for the trade” It’s always prudent to take some money @ or near tgt objectives. This exercise dramatically reduces your … Continue reading →

A.M. Look 1/31/12

Posted on 01/31/2012

It’s Month End…Don’t Fight The Flow… Typically going into end of month instruments tend to go in the direction they have been traveling. This month it’s Equity Indices up,Dollar down,Metals up & Commodities up. These movements are even more pronounced … Continue reading →

30 Yr. Bonds…TLT

Posted on 01/30/2012

145.08-13 is the next resistance band with natural stops resting above. 146.08-15 is the next Point & Figure level to look for a possible double top and reversal. TLT…macro stops are above 121.63-76. Sell 50% of your remaining Longs around … Continue reading →

Risk On …Risk Off

Posted on 01/30/2012

Is that all there is for Risk Off? The present lows in the Equity Indices are good hold levels. Price action back over 1302 (SPU) later in the day will have the shorts running for cover. Price action to new … Continue reading →

SPU/BONDS Daily Continuation

Posted on 01/30/2012

The chart clearly shows that the SPU/BOND spread has relieved pressure. This is a primary reason that we advised taking some partial profits in the 30 YR. This should also be a warning to day traders to sell rallies ..not … Continue reading →

30 Yr. Bonds

Posted on 01/30/2012

144.22…This is the spot to pay (SELL SOME) for your trade and lock in some profits!

A.M. Look 1/30/12

Posted on 01/30/2012

We’re still looking at a range bound technical picture in the U.S. Indices. Price action under 1300-02 SPU is needed for any downside to materialize. Given tomorrow is month end, we are likely to hang around these levels unless we … Continue reading →

Metals & Miners

Posted on 01/27/2012

The precious metals and the miners look good against today’s lows… Nem & SLW ( Newmont & Silver Wheaton both look good ) Both NEM & SLW are trading above the 200 day moving aversge and a close up here … Continue reading →