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Monthly Archives: May 2012
Crude Oil Futures Weekly Chart…Pivotal Level
101 in the Crude becomes a pivotal level and a candidate for a Bear Trap..( Be wary of pressing shorts into this level early) Price action back above 101.82 would be the first sign the Oil is trying to hold … Continue reading
A.M. Look 5/4/12
Unenjoyment with the French elections and “Full Moon Trading” to complete the weekend Trifecta On Saturday, the United States will be treated to a “Supermoon” event — an evening where the full moon appears at its largest and brightest in … Continue reading
Pattern Alert…ORL Possibilities
The following are possible ORL candidates.. PCLN…747.14 AAPL…578.86 OXY… 91.20 CAT… 100.65 DE… 81.79 If you’re in these names pay attention to the late show today. GS …with sustained price action under 111, this looks to be headed towards the … Continue reading
DBC…EWZ…Trade Alert!
These long instruments should be Sold @ the market They have both violated their chart patterns. We sticking with our game plan…They either work or they don’t!
ECA…Trade Alert!!
ECA is maintaining price action back below the 200 day mvg avg. Time to Take the Money!! SELL your remaining shares @ the market… Sell your remaining shares @ the market
AUDUSD Macro Levels, Point & Figure
102.27-39 is where the intermediate support and stops line up. Again the big macro stops are around 102 AUD/USD. With the rate cut, the forwards have moved in. The futures are trading an app. 46 point discount to cash. We … Continue reading
A.M. Look 5/3/12
Tomorrow will be about the metals as usual with the unemployment data and where they hold on breaks. I find myself somewhat optimistic that they are looking weak going into tomorrow. The Dollar is bid across the board, in particular … Continue reading
Afternoon Comments
BKX…held support @ 48 which matches up with the GS low of 112.77. Both these instruments need all new weakness under these levels for downside. SOX & SMH…both are trying to put in ORH days. JJG…for very long term investors, … Continue reading
EWZ
Brazil is trading below 60 in pre-market. Do Not Add to This Trade… Wait out the early price action to see if the U.S. will hold these current lows. leave the stop as is on your nibble.