Monthly Archives: April 2013

A.M. Look 4/17/13

Posted on 04/17/2013

Gold…needs to go 1365 sellers to go to the mid 1340’s. Resistance and the short term upside pivot remains at yesterday’s resistance of 1400. EURO…131.35 is the monthly ORH # , which makes it a pivotal level for the next … Continue reading →

A.M. Look 4/16/13

Posted on 04/16/2013

Spu’s…need to maintain over 1556.50, yesterday’s break down level, to reverse up. Spu’s need to go 1548 sellers again and remain offered to achieve the 1530 1st macro support. 30 yr Bonds…147.18-21 will remain pivotal. This instrument still needs closing … Continue reading →

NKD_-_Nikkei_225_(Globex)_Weekly_Continuation.gif

Posted on 04/15/2013

Is this the next shoe to drop? 13,165 is where the macro sell stops are resting. Maintaining and closing below will lead to a good retrace.

Equity Indices…GDX…BAC

Posted on 04/15/2013

Spu’s…1562 +- a couple is the closing qtrly Pivot. Nasd 100…2810 +- a few. GDX…looks like it wants to test the long term stops under 27.15. BAC…needs to close over 12.30 for upside momentum. Once again investors were looking early … Continue reading →

A.M. Look 4/15/13

Posted on 04/15/2013

Gold…has hit our downside extreme just shy of 1380. Silver…22.65-75 is a 12 year retrace level that can bounce, however the better level to buy Silver is around 21.50. USD/JPY…97.50 is first dollar support ( app 102.45 ish in the … Continue reading →

Test post for twitter

Posted on 04/15/2013

This is test post for twitter.

Punt of the Month…Precious Metals Trade Alert!!!

Posted on 04/12/2013

The Metals are panic selling central…This is another situational trade.. Good For Today Only!!! Gold…@ 1430 (M) GOLD we are going to Buy a 15% position in 1500 June Calls Expiring 5/28/13 Silver…@ 24.60 (K) SILVER we are Buying a … Continue reading →

Oil…Position Update..

Posted on 04/12/2013

The next set of macro sell stops rest @ 89.87. We were taken out of our Long SSO shortly after the opening. We still have a 25% position in short 30 yr. Futures. After Lunch time In NYC we’ll revisit … Continue reading →

A.M. Look 4/12/13

Posted on 04/12/2013

Spu’s…sustaining below 1581 is needed for short term directional change. Sell the SSO on a 1580.25 Spu print. (app 74.80 SSO). 30 yr. Bonds…I don’t think you want to see them over 147.02 again, however we’ll use a 147.20 stop … Continue reading →

Position Update

Posted on 04/11/2013

Oil…we were stopped out on our remaining longs @ 93.20. Sometimes I can be a little tight on the stops, however we still captured an avg. 90 cent gain on the other half of the position. It’s caught between 93-95 … Continue reading →