Monthly Archives: October 2012

A Few key Stock levels

AAPL…588.70 is the 200 day mvg avg. CAT…86.04 isĀ  last months close and puts this instrument basically sideways for the past 5 months MMM…90.46 is the monthly ORL # IBM…193.25 is the monthly ORL #

A.M. Look 10/31/12

We know that many of our friends are without Power or internet on the East Coast, our thoughts and prayers are with you! Spu’s…1426-30 is the lowest risk sell area. As of this writing sustained action back below 1412 will … Continue reading

A.M. Look 10/30/12

AUD/USD…buy stops are just over 104.10 USD/JPY…is still dancing around it’s 200 day, while the Yen crosses are not responding as I’d expected. Natgas…3.47 will now act as a big pivot. We are still looking to buy this again closer … Continue reading

A.M. Look 10/29/12

Spu’s…1394.50 was last months low, there are stops below. 1385 ish is not a level to press the first time down. 1373-75 is the next exit level which was former resistance and now support @ the 200 day mvg avg. … Continue reading

Platinum_-_Combined_Monthly_Continuation.gif…Risk Indicators

Whether your bias is Risk Off or Risk On the markets are at major inflection points. If you’re trading Risk off…tighten up your trailing stops!!!!! Risk on crowd..today’s lows are your out. The Spu low with a potential double bottom … Continue reading

SPU & NASD …Pattern Alert!

Spu’s…1416.75 is the daily ORH # Nasd 100…2673.50 is the level here. The Point & Figure charts show only price action over 1412 would leave room for the possibility of this chart pattern. Price action in the last 45 minutes … Continue reading

A.M. Look 10/26/12

Spu’s…1394.50 was last months low, there are stops below. 1385 ish is not a level to press the first time down. 1373-75 is the next exit level which was former resistance and now support. Nasd 100…2648-53 will act as the … Continue reading

Natgas…UNG

Nov (X) natty expires 10/29 Dec (Z) is now front month.. There is a sizable spread between the months. UNG…the weekly chart shows an upside breakout on a close over 23.47

A.M. Look 10/24/12

Welcome to the mid-week shuffle… The main feature of the board this A.M. is the correction in the Euro crosses off disappointing economic news out of Germany, in particular EUR/AUD,EUR/JPY,& EUR/GBP. Euro…128.90 ish seems to be the tipping level. Once … Continue reading

PCLN…Pattern Alert

Priceline needs to close over 574.54 to put in an ORH day