Monthly Archives: May 2012

GDXJ | Junior Gold Miners ETF Weekly Chart

The miners have a potential double bottom on the weekly charts.. Most everything else has seemed to have temporarily bottomed.

CHK | Chesapeake Energy Quarterly Chart

Chesapeake has been all over the news this past week..The trend line is drawn from the 1999 low of 63 cents. This is the second spike down through the line since 2008. We’re looking to start a Long position in … Continue reading

Euro-BTP Futures Chart Daily Continuation

9977 is the 200 day in the Italian 10 Yr. 9886 is the 50% retrace from the Oct. low. This is the same swing as the Oil and Copper.    

A.M. Look 5/14/12

Crude Oil…. 92.80 is the 50% retrace from the Oct. 2011 low. If you’re short, and we’re not, this is the place to cover. Euro…resting stops reside just below 128.58. 126.20-50 is the next macro level, which is last quarters … Continue reading

Spu | Nasd | ORH Pattern Alert

2631…Nasd is the closing ORH # Spu’s….1362.70 Pit….1363.75 all session chart. Short term the Spu’s have to maintain over 1361 for higher. Closes over these levels will put in a price positive formation. It is shaping up to be a … Continue reading

US Bonds | Aussie | Crude Oil

We’ve been talking about the importance of 145 in the 30 yr. Bond Futures as a macro pivot. TLT stopped at an interesting level as well. 100.00 AUD/USD “parity” is a natural # which will not be easily penetrated. This … Continue reading

JPM | JP Morgan Chase Daily Chart

JPM is half way back from the Oct lows and holding above the 200 day!! Any rebound off this level will give help to the Equity Indices.

GS | Goldman Sachs

102 was the break out for the 25% rally. It should now act as near term support and a closing pivot. Given the RSI’s show very short term oversold, I’d use it as a barometer for the financials today.   … Continue reading

A.M. Look 5/11/12

Oil…94.80 ish is an area short term traders should be wary of. Platinum…This led the Risk On rally the first week of January. This looks to want to re-test that break out around 1437. AUD/JPY…closing the week under 80.00 is … Continue reading

A.M. Look 5/10/12

Mid-Week Shuffle…”often violent contra-trend price action” I.E. if a market is trending lower, the market tries to save itself with with rallies to nowhere ( generally from a very oversold short term condition) which leads to pressure release of the … Continue reading