Monthly Archives: June 2012

A.M. Look 6/8/12….With EUR/JPY Trade Alert

Spu’s… closing below the 1308-09 level In (M) will be price negative. EUR/JPY…closing below 99.51 will be price negative the cross. Expect a test of the low 98 level for a starter. Copper…32780 is a level that can trap the … Continue reading

SDS Trade Alert!!…Risk Off?

The energies act abominable after blowing off in the early A.M. Aussie and Euro both put in good highs which could hold for a while. You either sell the equity indices against today’s high or you look for an alternate … Continue reading

Platinum All Session Continuation Chart

Platinum is trading at it’s 18 mvg avg. A close below 1433.80 puts in an ORL day. Platinum is a good RISK INDICATOR for industrial demand Watch for general market tone

CAT | Caterpillar Daily

Interesting Chart of the day CAT has gapped up into the 18 day mvg avg…which is resistance.. 88.55 will be a good directional short term pivot. Watch for general market tone.

CADJPY | Daily Chart

CAD/JPY & GBP/JPY…are both coming up to their respective 200 mvg avg’s. 124.07 GBP/JPY 77.96   CAD/JPY CAD/JPY is an excellent Risk barometer that has been highly correlated with the S&P 500. Watch for general mkt tone.

A.M. Look 6/7/12

Nasd (M)…2574 is Fib resistance…2571 is the weekly ORH level with stops above. Spu’s (M)..1322 Fib resistance ….1334.20 is the weekly ORH level with stops above. This is also a 50% re-trace of the entire move. 1345 would be the … Continue reading

NEM | Newmont Mining Pattern Alert

Yesterday we sent out a piece on taking profits or tightening up your risk in the miners for those involved. NEM..is attempting an ORL day with a close below 51.25, which would confirm the level in the GDX of 48.50

A few levels to watch

Spu’s…1320 is the first 30% from last months high Nasd… 2560 is the same level. XLE.64.60-70 CAT…88.50 ECA…21.15-18…closing above tgt’s 21.90 MMM…84…then 84.50 IBM…by maintaining and closing over 192.90 the next tgt is 195.40 The rest of the day will … Continue reading

SSO ProShares Ultra S&P500 Chart

ETF traders….48.90-49.00 is your key hold level. 49.75-93 is closing resistance. This chart looks exactly the same as the Futures.

30 Yr. Bond Futures Roll

I don’t roll for another week in the 30.. I am writing JUNE!!!!!