Monthly Archives: May 2013

Downside Tgt’s In the Indices

Posted on 05/22/2013

Spu’s …1628-30 is the first fibNasd 100…2960 followed…2887 is the best level to look for a bounce. The next set of sell stops are just below 2996. This is predicated on sustained price action below 1660 S&P 500 Futures and … Continue reading →

Today’s Reversal levels for the Equity Indices

Posted on 05/22/2013

A close below these levels would be needed to signal a high for a sell off. Nasd 100…3008 SPU’s…1660 TFM…9931 Midcap..120770 SDS…38.62 (above) since this is a double short. The Midcap 400 is leading the profit taking. The Banking sector … Continue reading →

JJG…Trade Alert!

Posted on 05/22/2013

Sell 50% of the JJG @ the market. Adjust your orders accordingly.

Position Update…Stop Adjustment

Posted on 05/22/2013

We were stopped out of the remaining Long TBT. We are still Short 30 yr. Futures… JJG orders to sell and take profits are working and still good. Cancel/Replace…Lower the protective BUY Stop to 144.16 from the original 145.05 Cancel … Continue reading →

IUSDJPY_-_Japan_(Yen)_Index_Quarterly.gif

Posted on 05/22/2013

Futures traders…95.50-95.00 is the spot to cover short Yen positions On any Risk On rout after Ben has his say.

Soybeans…Trade Alert!

Posted on 05/21/2013

Sell 50% of your July Soybeans @ the market. Raise your trailing stop on the remainder of your position. We will use an OCO order for the remainder of the position. OCO.. Sell @ 14.53 stop  Sell @ 14.97 ( … Continue reading →

Morning Missive

Posted on 05/21/2013

Bunds…German 10 yr. Bond…is coming into weekly support @ 144.24. Sell rallies not breaks. 30 yr. Bonds…need to maintain under 144 for lower. TBT…tried the resistance @ 66 again. That is qtrly resistance and the upside closing pivot. USD/JPY…103 is … Continue reading →

A.M.Look 5/21/13

Posted on 05/21/2013

AUD/USD….98.35-40 is resistance and the upside pivot. Buy stops for this swing are 98.80. Those short the Aussie should use a break above the aforementioned level as your trailing stop. GDX…28.75-29.20 is resistance. This is the field of broken dreams … Continue reading →

Follow Up TBT…Game Plan

Posted on 05/20/2013

Most of the board is directionally challenged. Simply put a lot of instruments have come a long way and prudent players are pairing back risk in some asset classes going into mid week Fed meeting. There has been a lot … Continue reading →

Profit taking Mode…TBT Trade Alert!

Posted on 05/20/2013

XLV…has been a market leader. A close below 48.70 will put much of the board into a defensive posture before this weeks Fed Release. TBT… Sell 50% of your Long TBT @ the market