Monthly Archives: April 2013

EUR/JPY….Euro_Yen_Weekly.gif

The weekly chart is breaking out over 123.22. This is a weekly closing level. Price action over 123.89 will see another bout of selling Yen via this cross. FX crowd…I’d look to the crosses for a way to be short … Continue reading

Oil Call Spread..& LNG Trade Alert!

Yes, we bought theĀ  May 94/96 call spreadĀ  for app 1 dollar. The main reason is that we wanted a hedge against the short Spu trade. LNG double bottomed @ 25.14. This is the break with defined risk to buy! … Continue reading

A.M. Look 4/4/13

Spu’s.. call me a reluctant Bear, we have to go 1544 sellers to break. 30 yr Bond…P&F resistance started at 145.22 yesterday which gave us initial price rejection, however we’re only concerned with the bigger macro areas which we laid … Continue reading

S&P 500 Trade Alert!

Given it’s the mid-week Shuffle… Sell 50% of the 1530/1500 Put spread. I want to take some money and have the trade on for free.

Oil…Trade Alert!

When and if Oil trades @ 93.30 I am BUYING The May 94/96 call spread at the market. This order is Good till canceled

30 yr.Bonds

The low 146’s…04-10 is the next big area in the 30 yr., with resting buy stops above 146.17 from last months unemployment high.

IBB_-_iShares_NASDAQ_Biotechnology_Index_Fd_Daily.gif…Pattern Alert!

A close below 160.13 puts in an ORL day. The IBB has led the entire rally since last July. This level is generally a Bear Trap the first time down. Meaning, they run the short term stops at the level … Continue reading

CLE_-_Crude_Light_(Globex)_Daily_Continuation.gif

The Point & Figure chart shows the oil can stop it’s slide right here at 95.40. The daily cloud shows that at 94.80 this has traveled too far the first time down.Good place to look for a bounce.

Spu/Bonds

Time frame trading the rest of the day!!! The Bonds need to sustain over 145.07 or the Spu’s under 1552 to get another signal for more weakness in this spread. We’re standing pat with our S&P 500 Put spread for … Continue reading

A.M. Look 4/3/13

Spu’s…have to sustain under yesterday’s low of 1559.50 for any downside to materialize. Euro…sell stops are 127.52 which can lead to a test of 126.70. GBP/USD…Cable has the ability to take a look at 150.00-25 30 yr. Bonds…144.07-09 is near … Continue reading