Monthly Archives: January 2013

A.M. Look 1/24/13

Posted on 01/24/2013

Nasd 100…2705 becomes the key hold and closing level for the rest of the week. 2728 is today’s resistance. The major lower retrace Fibs & Avg’s come in at 2665-55. AAPL…the 460’s is the first fib from the 2008 low. … Continue reading →

GOOG_-_Google_Weekly.gif

Posted on 01/23/2013

745 is an important level, a retest of the yearly high. Short term, price action back below 742 will lead to profit taking and new shorts entering the market trading against the 745 “2013 high”. Closing over 742 “Friday” will … Continue reading →

30 Yr. Futures…TBT

Posted on 01/23/2013

In the futures, I am still looking for the 30 to get to 147.05 ish for a shorting opportunity. Mind, that if we get there, this will be a very limited look. Failure to reject the level will result in … Continue reading →

ANR…Trade Alert!

Posted on 01/23/2013

Sell 30% @ the market! Let ‘s take some money off the table.

A.M. Look 1/23/13

Posted on 01/23/2013

EUR/JPY & AUD/JPY…last night’s lows both came down into mvg avg support which held. Closing under those lows will lead to a descent correction. For now it’s just some profit taking and noise coming out of Davos. USD/JPY…our futures levels … Continue reading →

JJG_-_iPath_DJ-UBS_Grains_Subindex_TR_ETN_Daily.gif

Posted on 01/22/2013

Death Cross anybody? 54.83 is where the 50 and 200 day mvg avgs meet. Closing and maintaining above this level is price positive. This seems to be lining up with the 14.60 closing resistance in the March Beans.

GOOG

Posted on 01/22/2013

GOOG…696-697 is daily support. Putting on a position after earnings will be hazardous to your bottom line. “It will be after the fact, and you will be chasing direction” Punters…those that wish to bet on a miss should consider doing … Continue reading →

USDJPY_-_Japan_(Yen)_Index_Point_&_Figure_100x3_Ticks.gif

Posted on 01/22/2013

Last nights high in the Yen Futures was a retest of the last Point & Figure breakout in USD/JPY. 111.62 was the reversal high from yesterday. Be very patient with how you trade the Yen. We’ve had another big relief … Continue reading →

A.M. Look 1/22/13

Posted on 01/22/2013

Oil…Feb. expires today. March is the Month you should be following. Natgas…Feb. expires next Tuesday. 3.71-3.76 is resistance in either month. Soybeans…closing and maintaining over 14.60 will lead to a test of just over 15. USD/JPY…we were looking for 90+ … Continue reading →

INTC_-_Intel_Corporation_Weekly.gif

Posted on 01/18/2013

21.02 is the weekly ORL # Resting stops below this level could lead to 20.90 where it should run into trouble following thru to the downside