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Monthly Archives: May 2012
EPV ProShares UltraShort MSCI Europe Daily Chart
We’re making another assault on the 200 day…the weekly avg’s also converge right around 46. This will be a good indicator for the remainder of the session. Sustaining and closing above 46 is bearish Equity Indices. This is a Risk … Continue reading
CYA Time
No matter which side of the market you’re attempting to trade from… Cover your rear today…. Use tight Stops…The Board is presently Risk Off going into London’s last hour or so of trading. After London’s close, meetings will be held … Continue reading
A.M. Look 5/23/12
Crude Oil…only a recovery and a close over 92.45 is positive. Just below 90 is the next level to potentially trap new shorts. Metals…Platinum and Gold need to hold the lows seen last night to avoid more selling. Platinum is … Continue reading
A.M. Look 5/22/12
Russell…needs sustained and closing action over 76300 to attempt 77500 Nasd 100…2575 is Fib resistance Spu’s..1334’s is Fib resistance with a major hurdle @ 1322-25 30 Yr.Bonds…147 will provide the clues for the next swing here as well as the … Continue reading
Equity Indices | ORH Pattern Alert
It’s still early, however closes above 1310.50 Spu, 2521.75 Nasd 100, 920.80 Midcap and 75790 Russell will be needed for an ORH formation. The formation can signal a near term bottom. It is generally a price positive formation. https://www.whitewavetradingstrategies.com/glossary
A.M. Look 5/21/12
Euro..put in an ORH day on Friday. It retested 127.52 last night. Holding this level can lead to 128.80 ish on an initial rebound. GBP/USD…sustaining over 158.40 will lead to an attempt at a figure rebound here as well. AUD/USD…This … Continue reading
General Notes
It’s going to be easier to technically trade the individual names than the stock Indices, particularly if you want to bottom fish for a rebound. I’m headed out the door! Gold..1610 ish will be a big hurdle zone. Should be … Continue reading
A.M. Look 5/18/12
Short pretty much everything/Long Gold has been the complexion of the board for the past 2 days. Everyone is waiting for Facebook to save the market. Pay attention to the opening range trade here! Sustained price action below its opening … Continue reading
TBT | Closing Position
We hung around way too long with this. Swing counts over 144 confirmed by closes over 147 can eventually lead to the low 150’s. It’s time to cut the nibble loose, no matter how ridiculously priced things are getting. The … Continue reading
SSO | Trade Status
We are stopped out of the SSO with our stop on a new low. I am doing very stupid things…