Monthly Archives: April 2013

SSO Trailing Stops…General Board

Raise your trailing stop on 25% stake in the SSO to 74.82. This is a straight stop order and you should still sell another 25% stake when the Spu’s trade 1591 +- a couple. Don’t get greedy up here! GOOG has … Continue reading

A.M. Look 4/11/13

Oil…needs a close over 95.00 for another leg up. Pattern breakdown starts to occur under 93.50. Look for this to move in 75-80 tick increments.  Leave the trailing stop on our remaining longs @ 93.20. AUD/JPY…macro buy stops from 2007 … Continue reading

A.M. look 4/10/13

SPU…sustained price action below 1557 will signal another about face in the index. SPU/BONDS…are coming back to the 18 day again, which we’ll be monitoring for follow through. 30 yr.Bonds…we’re trading at our first exit zone again of 146.17-20. 146.04 … Continue reading

Risk Management Time…Short Term Traders

Short term traders…. All the Yen crosses are completing the same wave count, and when I see that #5 staring me in the eye on every cross on the same daily bar, caution is advised. That 5 usually indicates that … Continue reading

Brent Oil…WTI…Crude Trade Alert!

We’re going to do a situational trade based off the Brent. Brent has another dollar to catch up with the WTI chart pattern. Meaning, we’re going to sell another 25% piece of our Longs @ the MKT when Brent trades … Continue reading

SSO…Trade Alert!

SSO…double long S&P 500 is a cheap look for a Long Equities. The stop is 72 close. This has room to move 6-7 dollars to the upside so the risk/reward is worth the try. The usual suspects IBB,LNG,BKX,NFLX,GOOG, & KKR…all … Continue reading

Oil…Trade Alert!….Futures Traders

Sell 25% of your longs out to pay for this trade.

While I have Some Power

Use a break even stop on your Bonds. Oil Traders…This isn’t following through and is stuck in a one dollar range. Use a 92.80 stop on any Longs. AUD/JPY…The point & figure shows a small double top at today’s high. … Continue reading

A.M. Look 4/9/13

Oil…93.80-94.00 is near resistance and the closing hurdle. 94.37 is mvg avg resistance. Bunds…need to sustain under 145.50 and close below 144.85 for more downside. General Comments… We’re seeing some correction in the Yen crosses and the world Bond markets. … Continue reading

Futures Traders…30 yr. Bonds

Pay for your trade @ 146.20, just above the old stops and last week’s upside breakout. We’re looking for the low 145’s on this swing. The trailing buy stop for this short is 147.23.