Monthly Archives: April 2012

Stock Indices

Spu’s…1387-90 is support…1402 is the closing upside pivot. Gann guys show more than that is needed. Nasd…2700 +- is support and it does not have to get there. Midcap…needs a close under 98660 for an ORL day. We have no … Continue reading

A.M. Look 4/30/12

Today is all about not fighting the flow. It’s the last trading day of the month! Spu’s…Nasd & Gold are slightly lower on the month. USD/JPY…80.00 is 1/2 way back on the year…”125.20 is the June Futures #” EUR/JPY..105.55 is … Continue reading

IAUDUSD_-_Australia_(Dollar)_Index_Point_&_Figure_25x3_Ticks

104.60 seems to be the important level in the Aussie..Above,looks like there is another 80 points. You’ll need more equity strength for this to happen. 12:30 Strength in the Equity Indices should not be faded.

CQG_IC_Chart_S_MOO_-_Market_Vectors_Agribusiness_ETF_Weekly

The JJG has already taken off…MOO is looking like a lower risk alternative. A close today above 52.41 puts in an ORH week. The entire board revolves around picking out the prettiest dance partner, even that can elicit a slap … Continue reading

CQG_IC_Chart_S_GDXJ_-_Market_Vectors_Junior_Gold_Miners_ETF_Weekly.gif

Pattern Alert….A close over 23.41 puts in an ORH Week. It’s a pivotal level. This would be considered a price positive formation

A.M. Look 4/27/12

Spu’s…held support last night @ 1388.70 after the Spanish Debt news. Closes over 1402 will be deemed short term positive the Index. Nasd 100…will need sustained price action and closes over 2735 for more upside. Gold…1650 seems to be the … Continue reading

CQG_IC_Chart_S_KBE_-_SPDR_KBW_Bank_ETF_Weekly

Keep this on your Radar…. A close over 23.50 tomorrow, puts in an ORH week.

SDS…QID…TLT…Trade Alert!

We are Closing ” Selling” all of these Long positions @ the market. Longer time frame traders might wish to wait for closing confirmation.

Equity Indices vs. The Bonds

We’re not getting a lot of love from this trade, meaning that we aren’t seeing the desired price rejection off the levels in the Spu and Nasd. Bonds hit perfect resistance and are now retesting support. Spu’s Point & Figure … Continue reading

ECA…Trade Alert!!!

We’re Selling another 25% of this stock between here and 19.40 Use a 17.75 stop on the remaining 25%. 7% in two days? We’ll take the bulk of the Money off the table!