Monthly Archives: August 2012

Gold & GLD

Posted on 08/31/2012

1690-1700 is the first Fib match area coming back up on a 2 year swing. The daily Pit Futures are putting in an ORH which should lead to a test of this level. The GLD ETF sets up slightly different, … Continue reading →

Mia Culpa

Posted on 08/31/2012

I royally screwed myself in the Eur/Gold, TBT and the Gold in particular. The Bonds will be firm the rest of the day. As long as the (Z) Gold maintains above 1666.70 it should remain firm. No, I’m not doing … Continue reading →

TBT…Gold Stops

Posted on 08/31/2012

(Z) Dec. Gold…we’ll be using a 1650 Intra- day Stop. TBT…while fixed income remains firm we’ll use a 15.18 Stop Close.

Euro…Closing Trade Alert!

Posted on 08/31/2012

How many times can you use a level before it gives way? Cover your short Euro position by BUYING the Futures/Cash Selling the EUO ETF @ the market.

A.M. Look 8/31/12

Posted on 08/31/2012

Euro…We’re right back to the top of the range in the Euro and a potential weekly double top. Sustaining above 126 will have me looking for the Euro to trade to the 127.50 level. We’ll make a decision as to … Continue reading →

SOX_-_PHLX_Semiconductor_Sector_Daily.gif

Posted on 08/30/2012

Sox is breaking below the 200 day.. 2753 is the 18 day in the Nasd futures.. The first minor fibs come in app 2726

BKX_-_KBW_Banking_Index_Daily.gif

Posted on 08/30/2012

The Banks are flirting with the 18 day. Sustained price action below will be price negative the Indices.

EUR/AUD_-_DM-Euro_Australia_Index_Weekly.gif

Posted on 08/30/2012

A.M. Look 8/30/12

Posted on 08/30/2012

MCP…the action is still in the individual names. Above 10.30, which is now support, you have an ORH week which looks to have a pretty high probability of completion at this point. Up 30+% in two days. The weekly buy … Continue reading →

A.M. Look 8/29/11

Posted on 08/29/2012

General Comments…. There is nothing new to speak off this a.m. All eyes are focused on Friday. Model Trading Portfolio ……………..                          Stop Close       Profit Points Long XCO                             6.80                8.40/9.00 / 11 Long Gold                           Long GLD Long EUO/Short … Continue reading →