Monthly Archives: May 2013

SDS…Exit Trade Alert!

Sell this SDS @the market. Waiting for a pull back is not worth the exposure. I was wrong…I was a little stubborn and that’s the end of it. This has ripped 30 points without a pull back. You’ll likely get … Continue reading

A.M. Look 5/3/13

Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to another dollar higher. … Continue reading

XHB…SPU ( SDS)…WTR..CAT…EURO

The home builders and the Spu’s seem to be following the same swing or pattern, just failing to give even a 30 % correction, from this last little wiggle. The world has put back on it’s blinders and trading masks. … Continue reading

The First Wiggle…

Euro…held perfect support @ 131.30 on the rate cut for the first bounce. New strength above 132.30 should not be faded. 30 Yr. Bonds…148.18 is first support. Resting weekly sell stops are 148.09 TLT…122.50 is where the bigger support comes … Continue reading

A.M. Look 5/2/13

AUD/JPY…99.37 is the 50 day mvg avg. This level will act as a pivot. This cross either holds right in here or it can break another 2 figures to 97.70 ish. EUR/AUD…as long as this maintains above 126.75-127 we’re looking … Continue reading

Europe…Pattern Alert!

Hello Houston…We may have a problem.. Europe was closed today, however both these ETF’s show a possible top with an ORL daily pattern. This is a price negative pattern!

Cat…Spu’s…SDS

CAT…82.40 ish is weekly support. Spu’s…have put in a short term reversal, meaning they are trying to hold today’s low. SPU/BONDS…are hanging out right on my favorite mvg avg lines. This is one of those #’s that is a go … Continue reading

SDS…Follow Up

Markets, in general, do not typically change direction in a day. The process usually takes a couple of days for the current trend to abate or reaffirm itself. It’s the Mid-Week shuffle, combined with a new month, making this an … Continue reading

EUR/AUD….AUD/USD

Euro strength led the early rally in the EUR/AUD cross, now  AUD/USD weakness is leading. AUD/USD…102.45 is the daily level just in front of our Multi-Year closing Pivot zone of 102.15-25. This is an area to not press direction. You … Continue reading

May day! May Day!…SDS Trade Alert!

Is this the high or isn’t it? Is this the start of sell in May and go away? We won’t know unless we give it a try. Buy the SDS using a 41.90 stop intra-day. Any way you look at … Continue reading