Monthly Archives: October 2013

Midday Missive

Posted on 10/31/2013

Dollar strength is causing people to hit the sell button in PCLN. 1045 is mvg avg support. Closing below 1035 will lead to another leg down. EUR/JPY…price action below 133.52-58 is needed for the Euro to lead another leg down. … Continue reading →

A.M. Look 10/31/13

Posted on 10/31/2013

Stocks.. Spu’s & Nasd both avoided ORL Patterns. I view this more as a function of the establishment, Long Only Crowd, painting the tape to keep the chart pattern alive. TBT…put in an ORH day with a close over 73.04. … Continue reading →

Spu’s & Nasd 100 ….Pattern Alert!

Posted on 10/30/2013

Pit sessions….. SPU…sell stops and the ORL# is 1759.20 NASD 100…3369 All Sessions…. SPU… 1754.50 is the ORL. Nasd 100…3368.50 Closing below the All session #’s would put in an interim market top.

VIX…Trade Alert!

Posted on 10/30/2013

Sell 1/2 your Long Nov 14/16 call spread for 70 cents. VIX is trading close to the 200 day mvg avg @ 14.40. It’s a good place to try and reduce our exposure and lock in some money.

A.M. Look 10/30/13

Posted on 10/30/2013

Stocks.. Bonds 30 yr.…still needs to sustain under 134.26.27 for a point lower. The major qrtrly support and closing downside pivot is 133.12-17. 135.27 is resistance and the upside closing pivot. Above here the Bonds move a point at a time. … Continue reading →

IBM…Trade Alert!

Posted on 10/29/2013

Sell 50% or your long position Market On Close (MOC)  Leave the order to sell @ 182.10 alone.  It looks like IBM will close on or near the highs of the day. I just want to make sure I get … Continue reading →

VIX…Position Update

Posted on 10/29/2013

We’re filled … Nov 13 VIX 14/16 call spread for 55 cents.

VIX…Trade Alert!

Posted on 10/29/2013

Spu/Bonds are trading at the high we broke from the last time around. This is a big closing level from 2007 that will run the next big swing in the Equity Indices Time to go back to the well on … Continue reading →

A.M. Look 10/29/13

Posted on 10/29/2013

Stocks.. Bonds 30 yr.…still needs to sustain under 134.26.27 for a point lower. The major qrtrly support and closing downside pivot is 133.12-17. FX… AUD/USD…is weak. Aussie could stop right in here on the Point & Figure chart or go … Continue reading →

Midday Missive

Posted on 10/28/2013

30 Yr. Bonds…a close today over 135.15, today’s “ORH” in the Futures, will run out the shorts into Wednesday’s Fed release. I would view that chart pattern as price positive the precious metals.