Monthly Archives: May 2013

Grain Follow Up

Posted on 05/14/2013

We’re going to be patiently waiting in the Soybeans for a trade to set up. Do not be in a hurry, Grains are still a weather market and the forecast is for great temperatures in the heartland with no rain. … Continue reading →

A.M. Look 5/14/13

Posted on 05/14/2013

Nikkei…15,210 is our near term upside tgt. Two consecutive days closing over this level will lead to a test of 16,300. TM..(Toyota)…there are resting buy stops over 128.33-50. This should lead to a test of 134.30. This is a surrogate … Continue reading →

JPM

Posted on 05/13/2013

With today’s love fest on Bloomberg with Jamie Dimon, no wonder everyone is buying JPM. A close today over 49.23 puts in an ORH day, which is a price positive pattern. The stop on any new Long is 48.40.

Crude Oil

Posted on 05/13/2013

The weekly support level comes in app $94.00 +- 15 cents. 93.65 will be a pivotal closing level to focus on. By holding the breaks into mvg avg and Fib support around 93. Oil can be bought for short term … Continue reading →

A.M. Look 5/13/13

Posted on 05/13/2013

30 yr. Bonds…after putting in an ORL day and week on unemployment, Bonds are attempting the triumvirate which would take a close under 144.00 at Month end. Spu’s…still need some sustained and closing price action under 1619 for lower. Gold…needs … Continue reading →

QID…Stop Loss

Posted on 05/10/2013

Investors still want to buy Equities.. We’ve sat through an initial wave of buying, now we’ll just use the stop to manage the trade. Sell the QID @ 22.90 stop

A.M. Look 5/10/13

Posted on 05/10/2013

USD/JPY…is poking it’s head up on the monthly, which could lead to the Yen eventually moving to the 107 area and beyond. In the meantime were at multi year levels in USD/JPY and EUR/JPY which will make me reticent to … Continue reading →

Chart Patterns…Sectors

Posted on 05/09/2013

XLP…working on an ORL with a close below 41.14. There is downside acceleration sustaining under 40.88 XLF…a close below 19.09 puts in the ORL XLE…needs under 80.25

QID…Trade Alert!

Posted on 05/09/2013

Buy the QID @ the market! This is the double short Nasdaq

Be Vigilant…

Posted on 05/09/2013

Euro…129.70 is the qtrly pivot and support.. AUD/USD…is breaking down on the monthly charts after electing the 101.15 sell stops. Equity Indices…will make a decision on direction in the next 45 minutes. All this price action has happened with out … Continue reading →