Monthly Archives: May 2013

Yen & Yen Crosses

USD/JPY @ 100.60 ish has now completed a 50% swing back from 2007 while hitting the same swing and tgtin EUR/JPY @ 132. This is an exit zone for Dollar Bulls the first time in. You’ve seen a massive running … Continue reading

Natgas & UNG

Surrogates trades would include ECA,CHK,DVN,CBI,LNG

Natgas…UNG

Not for the feint of heart! This is attempting an ORH day to the upside. The low was a good enough low to hold, even though we were looking for the lower Fibs @ 3.80 to initiate a Long. The … Continue reading

VIX

Long only players have been buying the VIX every time it gets below 13 as a hedge against their portfolios. This started yesterday and we’re seeing it again this A.M. 13.38 -58 is today’s resistance level.

TBT…Follow Up

We’re looking for just shy of 63 for an initial swing up. Take 70% of your profits here. You should be working an OCO order (one cancels the other). You’re selling TBT on a 61.40 stop or selling TBT @ … Continue reading

TBT…Day Traders

Today’s low will be a near term pivot for the TBT. A hold and it will try higher. A failure at today’s low and you’ll see 60.30. Buy with a tight stop against 61.40

A.M. Look 5/8/13

GBP/USD…buy stops are just over 156.10. Once above look for 157.30-60. Daily support and the downside pivot is 155.25. Below, look for a figure to the low 154’s. EUR/GBP…macro sell stops are under 83.90 Euro…131.32 is support and the downside … Continue reading

EUR/GBP

Have you missed the EUR/AUD & EUR/JPY EUR/GBP…while this doesn’t presently showthe potential upside of the latter pairs, this could be purchased with a stop @ today’s lows “84.40”. Sustained and closing price action is needed above 84.90 to gain … Continue reading

ANR

We made bou coo dollars in this last year. It’s trying to lift it’s head up off the mat. A close over 7.15 should lead to a test of 7.70-8.00

AGU…Agrium

I like the ORH follow through to the upside on the daily chart. The short term stop is today’s low. the Upside potential is for another 2-3 dollars. Buy on intra-day weakness against today’s low.