Monthly Archives: February 2013

A.M. Look 2/28/13

General Comments… It’s month end…the markets seem relatively quiet this A.M. Spu’s show 1519.25 as a potential double top. This level could to lead to some possible back and fill price action, however we wouldn’t be looking for much. The … Continue reading

A.M. Look 2/27/13

AUD/JPY….94.40 is pivotal…only price action above 95.75 would be price positive. Yesterday’s low of 93.09 is point & figure support. New price action below will leave room to achieve the first macro fib of 91 +- a few. AUD/USD…sustained price … Continue reading

A Few Things to Watch

Yesterday we put forward some Oil names and Natgas infrastructure names we like on weakness. The Materials are trying to put in a descent low. Platinum… buy stops are 1630. Copper…is attempting an ORH day, however this needs over 360 close … Continue reading

SPU/BOND… Daily Continuation

Time Frame Trading… We’re going into London’s close and the spread is at a go or no go area. Short term traders…be patient for the next move…the spread shows that pressing direction at this level is a low Risk/Reward.

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FBTP…10787 is an important technical hold and will be pivotal for the next move. By holding the breaks to this level the market can try up towards just shy of 111. Conversely, by maintaining under last night’s low, this will … Continue reading

A.M. Look 2/26/12

EUR/JPY…122.36 is key resistance and the upside pivot. AUD/JPY…95.27 is resistance. recovery over 95.66 is needed for higher. Under 93.63 look for another figure lower. USD/JPY…was a classic after the Chicago pit close, sweeping of the stops, by the bots. … Continue reading

Position Update!

We’re exiting the SDS and the TLT today. We will use this break to exit relatively unscathed and clear our head. We’re willing to give this a little more timethis A.M. to get back closer to our entry levels, however … Continue reading

A.M. Look 2/25/13

Full Moon Trading… Euro…132.82 is first resistance with 133.15-30 being a key closing level for more upside. EUR/AUD…128.80 is closing resistance EUR/GBP…87.70 ish is resistance…sustaining above, look for another figure. Oil…94.46 is the pivot. Nasd…sustaining above 2758.25 is price positive. … Continue reading

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Copper is currently trading below the 200 day, however 350-1 will be over extended and very problematic for shorts the first time down.

Silver…Trade Alert!

Punt of the week…Looking for the last flush? The (H) March puts expire Monday. The 28.25 Puts are trading for 13 cents