Monthly Archives: January 2013

Metals & Miners….Food for Thought

Posted on 01/15/2013

The Gold and Silver are attempting to confirm higher. Some of the names might be much better plays (depending on your proclivities) via call spreads or direct long positions versus outright’s in the metals AGQ…double long Silver…the 200 day is … Continue reading →

ANR…Trade Alert!

Posted on 01/15/2013

This just double bottomed.. We still like this stock! Yes, we were stopped out however we are still friendly to this name. 9.29 is the 200 day mvg avg. Closing above this keeps it on a positive footing. Either buy … Continue reading →

TBT

Posted on 01/15/2013

From a purely technical look, those wishing to be short the Bonds via Long the TBT double short ETF,  can buy this for a short term trade against 63.65. This has to maintain above this level, moreover you would not wish … Continue reading →

A.M. Look 1/15/13

Posted on 01/15/2013

Yen Futures…113.45 (app 88.14 USD/JPY) is the first minor resistance. EUR/JPY…stops are below 117.59. 116.85 should be a level for a bounce the first time down. AUD/JPY…put in a new high by 2 ticks last night and is now in … Continue reading →

Price Action

Posted on 01/14/2013

Oil…closing below 92.65 puts the entire board in a defensive mode. Equity Indices…you’re seeing no help from the financials after reaching their upside tgt’s. The rest of the day will be a time frame trade. We’ve seen this type of … Continue reading →

A.M. Look 1/14/13

Posted on 01/14/2013

Euro…is doing a 2 year swing. We expect to see 135. EUR/JPY…resistance is 120.60 AUD/JPY…. As long is it remains higher on the year, this cross remains an attractive buy on any descent pullback. Oil…as long as Oil remains above … Continue reading →

A.M. Look 1/11/13

Posted on 01/11/2013

Spu’s…are back to last years high. Only a close in the equity indices under yesterday’s low would cause liquidation. By remaining firm after 12:30 CST we would expect another late day melt up into the close. Oil…92.75 is the weekly … Continue reading →

S&P 500 Put Spread Closing Trade Alert!

Posted on 01/10/2013

We took a limited risk shot and we’re not fighting the flow. We are selling these by the close. This is selling the 1430 Puts and buying the 1405’s.

GS…XLF

Posted on 01/10/2013

We’ve had a tgt area in Goldman around 140 +-, we’re basically there.  XLF…the 2010 high was 17.12           the 2011 high was 17.20 We are mentioning this because the Financials have been on a tear. The percentage moves have … Continue reading →

S&P 500 Trade Alert!

Posted on 01/10/2013

Buy the JAN 1430/1405 PUT SPREAD….BEST YOU CAN For those trading the SPY’s …the 146 puts for Jan are trading around 94 cents We’re doing this for 2 reasons: 1) We like the stop. 2) We want some short exposure … Continue reading →