Monthly Archives: April 2013

Precious Metals

Posted on 04/02/2013

Silver…the first downside tgt is 27.05 +- a couple. This is a cover your shorts zone the first time down. Gold…the next set of minor sell stops are under 1574.50. The macro stops are under 1555.

A.M. Look 4/2/13

Posted on 04/02/2013

SPU/BOND…spread is dead on the 18 day mvg avg. 30 yr. Bonds…144.07-09 is near term support. A close below 143.20 is needed to get something going on the downside. A close over 145.07-10 is needed for higher. Bunds…need a close … Continue reading →

Time to buy some downside protection

Posted on 04/01/2013

Buy the April 1530/1500 S&P 500 put spread for $4

IYT_-_iShares_DJ_Transportation_Average_Index_Daily.gif

Posted on 04/01/2013

Sustained price action and a close under 110.25 is needed for the Transports to rollover. This has been a leader for the entire rally. Watch for general market tone.

A.M. Look 4/1/13

Posted on 04/01/2013

Euro… stops are below 127.52. 126.60-80 is the next significant support. 128.67-88 is daily resistance. GBP/USD…needs to sustain either above 152.50 or under 151.20 for new direction. USD/JPY…93.80 ( app 106.75 futures) is the level that the Yen has to … Continue reading →