Monthly Archives: April 2013

USD/JPY…Yen Futures

Posted on 04/30/2013

96.25 USD/JPY  ( app 103.85 In the June Futures) FXY…101.83 Day-Traders… This is the lowest Risk spot to Sell Yen & FXY…BUY USD/JPY “the first time up” for a reaction trade. You’d be looking for 70-80 points off this level. … Continue reading →

Mid-Day Missive

Posted on 04/30/2013

IBM…we’re looking for a 199.25 print, which is the 200 day and a natural spot for direction to stall. 201.25 is a good place to take profits if you followed our buy strategy last week. 4/23/13 Sometimes you need to … Continue reading →

A.M. Look 4/30/13

Posted on 04/30/2013

Soybeans (K)…$14.884 is monthly resistance. Only sustaining and closing over this level will lead to higher prices. Corn(July)…6.59 is pivotal. 6.74 the next resistance level. Closing over 6.83 will generate new momentum buying. CORN ETF…maintaining above keeps this instrument positive. … Continue reading →

A.M. Look 4/29/13

Posted on 04/29/2013

Euro…resting stops are above 131.30. GBP/USD….156.05 is resistance. This level should reject the first time up, however once through we would be looking for 157.40. USD/JPY…98.30 ( app 101.90 in the futures) is near term resistance. Through here we’d look … Continue reading →

Daily Game Plan…Oil

Posted on 04/26/2013

Daily Game Plan…Day Traders In lieu of a trade today, we’ll go over the story line leading up to our first Day Trade. If you understand, you see. Yesterday we did a day trade in the oil. You either made … Continue reading →

A.M. Look 4/26/13

Posted on 04/26/2013

Silver…broke out to the upside above 24.35 In early Asian trade on the Point & Figure as shown late yesterday. 25.06 will be sticky the first time up, which just means it’s a better exit level than a place to … Continue reading →

VIX…Pattern Alert

Posted on 04/25/2013

Pattern Alert Vix… This is attempting an ORH day higher with a close over 13.75. This is a price positive formation. This is the tool the pros use to buy downside portfolio protection.

Silver

Posted on 04/25/2013

24.35 is resistance and the upside pivot.

Goldman Sachs

Posted on 04/25/2013

GS..is breaking out to the upside on the daily maps. This is a buy against today’s low into month end. The Transports (IYT) are breaking out as well. We are Bullish the Equities into month end.  

Oil

Posted on 04/25/2013

Each day we will try to write one low risk set up for Day Traders. We’ve already seen the expected wiggle we were looking for in the Oil market. The first time into our # zones is the time to … Continue reading →