Monthly Archives: November 2014

Dollar Index

Posted on 11/14/2014

The worm is turning. This is a topping pattern for the Dollar. Gold is getting to important resistance as the Dollar is trying to turn. Tighten up your risk.

EUR/GBP

Posted on 11/14/2014

79.83 is the next daily level in this cross. it’s attempting a momentum break out on the weekly charts. Let it breathe up here. Euro just ran all the short term shorts out again. The resting buy stops start over … Continue reading →

GOLD

Posted on 11/14/2014

Gold is being favored today after holding a second retest of the unemployment ORH @ 1149. A close today over 1667.40 puts in an ORH day and leaves open a rally to 1185-90 weekly resistance.

GBP/USD

Posted on 11/14/2014

Sterling is being sold against pretty much everything. Gold,Canada,Oil, & Euro. It’s got farther to go. Look for a test and a probing of the next set of macro sell stops just below 155.00

A.M. Look 11/14/14

Posted on 11/14/2014

Stocks… ORCL…put in an ORH day. Buy early weakness against 40.45 with a stop below 39.95 close. This is a good candidate for an opening range trade today. If this holds and starts up after the opening you can buy … Continue reading →

Pattern Alert!

Posted on 11/13/2014

Today’s ORL #’s. Spu’s…2026.75 Nasd 100…4166.50 Midcap…1424.90, which is right into daily support. BABA…114.02 Time Frame Trading the rest of the day. I am not looking for an Equity Index meltdown, notwithstanding the stock rotation has been brutal.

FORD & JJG Trade Alerts!

Posted on 11/13/2014

SELL another 50% of your Ford position @ the market! After completing this order will will be down to 25% position.   ​JJG…​The Soybeans are not getting high enough. Time to take some money!SELL50% or 1/2  JJG position at the … Continue reading →

Midday Missive…W/Position Update

Posted on 11/13/2014

Ford…I sold half the Ford position off just shy of the 50 DMA @ 14.86. Raise the trailing stop to 14.00 Stop Close from the current 13.80. JJG…we have a resting order to sell 1/2 this position @ 39.30. We’ll … Continue reading →

A.M. Look 11/13/14

Posted on 11/13/2014

Stocks… Nasd 100…I’m looking for an eventual 4400. Spu’s..2060 is the next level technicians are targeting. Bonds … 30 Yr. Futures… 142.10 is weekly resistance and the closing upside pivot. FX… AUD/USD… 87.35-50 is closing resistance that has to be … Continue reading →

FORD…Trade Alert!

Posted on 11/12/2014

SELL 1/2 FORD (F) @ 14.86 If filled, adjust your trailing stop accordingly. As with the JJG, I’m looking to lock in an app 5% move and let the rest ride.