Monthly Archives: May 2013

A.M. Look 5/29/13

Posted on 05/29/2013

30 Yr. Bonds…we’re close enough to our tgt area, trading in the 139’s, to consider taking some profits. The mid 139’s should bounce the first time down.  We remain in sell the rally mode to anything around 142.07 with a … Continue reading →

Roller Coaster

Posted on 05/28/2013

The S&P 500 will take price action under 1653 to break and close under 1642 to confirm lower. 2998 is now the hold # for Nasd 100. A close under 2980 is needed for further downside. The only trade I … Continue reading →

Midday Missive

Posted on 05/28/2013

The Bonds have broken far enough for today and the TBT has rallied to the resistance level we spoke of 5/23/13. There is absolutely nothing I wish to chase in the Equity Indices of single Stocks. The past two days … Continue reading →

A.M. Look 5/28/13

Posted on 05/28/2013

A couple of closes above 1663.50 S&P 500 Futures, 3023.25 Nasd 100, 14.820 Nikkei are needed for more upside. All the equity indices are now at closing resistance. GOOG…price action over 880 will have managers looking to buy this instrument … Continue reading →

EUR/AUD…Trailing Stop…Trade Alert!

Posted on 05/24/2013

Trailing stops should be raised to 131.65

IUSDJPY_-_Japan_(Yen)_Index_Weekly.gif

Posted on 05/24/2013

A close today under 101.26 USD/JPY (over 98.77 Futures) Puts in an OR weekly pattern. This is important because the devaluation of the Yen led world Equity Indices higher. The chart patterns have been mirror images. This will be a … Continue reading →

A.M. Look 5/24/13

Posted on 05/24/2013

Oil…94.60 is resistance Euro…buy stops are 130.15. We’re only looking at this in relation ship to EUR/AUD as to which currency leads the cross higher. We’re looking for another couple of figures to go before running into resistance. Nikkei…has failed. … Continue reading →

JJG…Trade Alert Closing Trade!

Posted on 05/23/2013

Sell the JJG @ the market! The price on the screen is 52.33

S&P 500…Nikkei…GOOG…TM

Posted on 05/23/2013

The Equity indices have all hit there first support with Yen resistance at the same time this A.M. The Nikkei has to climb back over 14,770 tomorrow to trap short sellers and avoid an ORL week.   S&P 500 Futures would … Continue reading →

A.M. look 5/23/13

Posted on 05/23/2013

Spu’s …1628-30 is the first fib. Rally’s into the 50 ‘s the first time up should be sold. Nasd 100…2960 followed…2887 is the best level to look for a bounce.. SPY…a close today below 166.50 would have us looking for … Continue reading →