Monthly Archives: January 2014

VIX…Trade Alert!

So you want to be Risk On? VIX looks like it’s topped out here for a bit. BUY the FEB 15 Puts for 45 cents. This is the Bid side of the market and gives you upside exposure to Equities … Continue reading

Gold

The Long term Point & Figure in the Gold is rolling over with a defined high @ 1275. The selling is reflective of the Risk On rally in the world Equity Indices over the past few hours. Metals traders should … Continue reading

A.M. Look 1/30/14

Stocks… Spu’s…I’m still looking to buy around 1730 with a very tight stop. Minimally, I’d like to see the stops below 1760 get elected. Presently, the Spu’s are holding point & figure support @ 1760. Spu’s are in a 35 … Continue reading

Yen….Order Adjustment!…Professional Traders

Original level USD/JPY…Sell Yen @ 99.75 (H) Futures…100.20 USD/JPY 100.20 is the 200 day mvg avg in the USD/JPY, which = 99.75 Futures With a Risk off board we could see an over run to 99.60 ish USD/JPY. It’s hard … Continue reading

Smattering of Names…Food For Thought

Here is a group of names that are all trying to bottom. Some have already gone from support to resistance like VLO. These will all be in play after the Fed release if the Equity Indices hold the first break. … Continue reading

Levels …Turkish Lira

DAX…a close today under 9354 would leave way to another bout of selling. EUR/JPY…140.13 is today’s ORL #. Monthly sell stops are @ 138.40. GBP/JPY…169.81 is the 50 day mvg avg. A close below this level would put in an … Continue reading

Midday Missive

USD/JPY…is attempting an ORL day by closing under 103.97. (over 96.21 Futures). This pattern is the same pattern as the Spu’s. Spu’s down = Yen rally. EUR/USD…is putting in an ORH day with a close over 135.84 . It’s currently … Continue reading

A.M. Look 1/29/14

Stocks… Spu’s…I’m looking to buy around 1730 with a very tight stop. Presently, the Spu’s are holding point & figure support @ 1770. Last night’s early Asian high (1800) is my qtrly pivot for the S&P 500 Futures this qtr. … Continue reading

Midday Missive

SMH…index has a double bottom on the daily chart. OIL…97.80-98.00 is resistance with resting buy stops above. 30 yr.… admittedly i’ve been a little out of step with the turns. I like today’s low in the TBT and the high … Continue reading

A.M. Look 1/28/14

Stocks… Spu’s…I’m looking to buy around 1730 with a very tight stop. Presently, the Spu’s are holding point & figure support @ 1770. Yesterdays low was a normal standard deviation move for the Spu’s of 80 points. I’d like to … Continue reading