Monthly Archives: April 2013

Midday Missive

Nasd 100…closing over 2772 will negate Friday’s bearish pattern. Oil…will be the next to catch a bid. Time to start a long position!! Futures Traders…the risk is under today’s low. IYT…The transports have wood. BKX…gives an upside breakout on a … Continue reading

Futures Traders…30 yr. Bonds

Start scaling into a short 30 year position between here and the 200 day of 147.20.

A.M. Look 4/8/13

EUR/JPY…128.60 ish can reject the first time up. As long as this remains over 126 we’re looking for a test of 132 , however 128.60 is our first tgt level from the 123.30 weekly breakout when we said this could … Continue reading

IBM

As long as IBM holds above 201.20 we’re looking for this to minimally trade 206.70. Closing above 207 will lead to a new high. This means 201.20 is your sell stop for any new Longs.

SPU & Nasd Patterns

There are resting sell stops @ 1607.25 In the Spu’s SSO…77.40 Nasd 100…@ 2935… QQQ…72.12 Closes below these levels will put in ORL patterns. Only closes below the above levels “today” create the environment for a Risk Off scenario.

A.M. look 4/7/13

AUD/USD…101.15 is the next level technical level with stops below. The macro pivot of 102.15-25 does not change. This is the level to sell rallies against to manage risk. EUR/AUD…128.92 is last weeks high and now becomes minor short term … Continue reading

Stocks

Natgas infrastructure names and Tech & Banks are leading. NFLX…197-200 will be pivotal and a big closing level. GOOG…should start doing $40 dollar swings to the upside as long as it maintains over. A complete swing will tgt close to924. … Continue reading

AUD/USD…EUR/AUD

AUD/USD…102.43 is today’s ORL #.There are resting sell stops @ 102.10-15. Aussie has been going sideways for a year and looks poised to test the 2012 lows with a close below 102. EUR/AUD…looks to be the best way to play … Continue reading

A.M. Look 4/6/13

Spu’s…592.50-593.30 is support. Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to … Continue reading

A.M. Look 4/5/13

EUR/JPY…there are resting but stops @ 126.07. 123.89 becomes the weekly hold level on any retrace. AUD/JPY…shows the same pattern with 99.44-60 being the key hold level. CAD/JPY…97.00 is resistance and the next closing hurdle for higher. GBP/JPY…do not fade … Continue reading