Monthly Archives: May 2012

A.M. Look 5/2/12

Posted on 05/02/2012

EUR/JPY…105.50 is the 200 day and the closing level for an ORL day. Spu’s & Nasd….the support levels have not changed since Friday, and we still need an S&P close over 1402 to confirm higher. Oil…106.80 is a level that … Continue reading →

Cheap Look…EWZ…Trade Alert!

Posted on 05/01/2012

60 is the Macro Pivot for Brazil. Dilma has been actively devaluing the Real, which will help on the export front. You have a potential double bottom on the Weekly & Monthly chart, so you know exactly where you are … Continue reading →

DBC…Trade Alert!

Posted on 05/01/2012

We’re BUYING DBC @ Traders discretion. The stop is 28 close.  

30 Yr. Bonds

Posted on 05/01/2012

142.13 is the downside pivot and the Daily ORL # Pay attention to this level in relation to the SPU/BOND spread… You know the drill… Bonds down…Equities Firm    

DBC Commodity Index Trading Powershares

Posted on 05/01/2012

If anyone bothered to read Yra’s comments last night @Notes from Underground, you’ll understand why this is on my radar. I started perusing this yesterday. The weekly pattern looks good with lots of potential. We’re looking to start a longer … Continue reading →

Gold Weekly Chart

Posted on 05/01/2012

Gold…is looking up. Short term players will get excited above 1670 ish.We need a couple of closes over the Fibs and longer time frame moving averages, around the 1678-82 level. Shorter time frame traders…buy the breaks against 1660. Longer time … Continue reading →

A.M. Look 5/1/12

Posted on 05/01/2012

“How can you wake up in the morning and have nothing to say?” Lyrics…slightly corrupted from “Angel From Montgomery” It might be May Day, but as of now, looking around the board, I’d vote for a 5 day Cinco De … Continue reading →