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Monthly Archives: May 2012
SSO | Trade Alert!
Oversold is oversold..we’re BUYING the SSO @ the market. We’re looking for a trade…not a long term buy and hold. The risk is today’s low, which is intermediate Fib support. AAPL…sustained price action back over 542 will help.
A.M. Look 5/17/12
Rallies to nowhere. Sell rallies not breaks until this plays out. The patient Day trader will be able to make money from both sides of the market. We’ll look around the board this A.M. to see if there are any … Continue reading
US T-Bonds ORL Pattern Alert
A close below 145.28 pit….145.24…all session.. Will put in an outside reversal lower day (ORL). This is a price negative pattern!
US Treasury Bond Futures Semi Annual
147 is a potential yearly double top…it will be a pivotal level. Given the general condition of the market…. oversold equities vs. the overbought Bonds.. SPU/Bonds hitting the 200 day last night! Pay very close attention to the game afoot! … Continue reading
A.M. Look 5/16/12
USD/BRL… 20270 is the next Dollar resistance level…next are the bigger Fibs @ 20700. NZD/USD…76.20-40 is a pivotal level. Once convincingly through, this should go to 74 for a start. Both of the above are Risk currencies. More Risk Off … Continue reading
EWZ iShares Brazil Daily
Keep a weather eye on the emerging markets for bottoming signs today. This would need a close over 55.08. The Mid-Week shuffle involves ( Often Times “rip your face off” contra-trend direction) or markets that are trying to turn direction. … Continue reading
XOM | Exxon Mobil Corp Daily
If you’re looking for signs of life for a mid-week contra trend rally in the Equity Indices, the Oil names are worth perusing.
SPU/Bond Futures Daily Continuation
Patience…we are getting close in the Spu/Bonds and you do not want to get directionally trapped.. You can see the 200 day which is the green line and the commensurate 50% retrace fibs just below… If you’re short equities, keep … Continue reading
A.M. Look 5/15/12
The technical trade continues. Last night brought another rebound from a very oversold condition. Given the way we closed, I think half my clientele were going to check into the local vet for a euthanizeation cocktail, after covering shorts earlier … Continue reading