Monthly Archives: May 2015

EUR/AUD

Posted on 05/29/2015

A.M. Look 5/29/15

Posted on 05/29/2015

Stocks… Spu’s…2110-12 has to hold to avoid profit taking. DAX…11,860 is resistance and the upside pivot. 11,500 is support, below there is room for a deeper correction. SHCOMP…broke to test it’s 21 DMA before recovery last night @ 4466. This … Continue reading →

MCHI…Closing Trade Alert!

Posted on 05/28/2015

I feel like I’ve just stepped up to the pass line at a craps table. Here is the rub. I like the thesis, however I don’t like the ORL pattern in the SHCOMP although it’s sitting right on trend momentum … Continue reading →

Midday Misssive

Posted on 05/28/2015

Another day…another opening range trade. Spu’s get much below 2112 look for more red across the board. GPRO…the market darling has hit it’s 200DMA @ 57.90 which should cap that rally as well.

Soybeans

Posted on 05/28/2015

I like this low with a very tight stop of 9.21.

OIL

Posted on 05/28/2015

Pay attention to the opening range today. Sustained Price action under 57 should lead to a sell off to 55.25

A.M. Look 5/28/15

Posted on 05/28/2015

Stocks… DAX…11,860 is resistance and the upside pivot. SHCOMP…put in an ORL last night down 6.5%. This is a big topping pattern right into 4617 first support. Bonds … 10 Yr. Bonds…127.10 is the 200 DMA. This is support and … Continue reading →

MCHI…Trade Alert!

Posted on 05/27/2015

BUY MCHI @ the Market ! This is an opening position with a 10% portfolio weighting. You can choose this ETF or the FXI. I’m reticent of buying strength in the SHCOMP, which has been leading all Indices.

A.M. Look 5/27/15

Posted on 05/27/2015

Stocks… Equity Indices did not get quite low enough yesterday. TSLA…247.45 is support and the downside momentum #. Closer to 230 would be a better place to initiate a new long. ACT…show me something under 297, the 50 DMA, to … Continue reading →

Commodities

Posted on 05/26/2015

These are static #’s that do not change..  This is the road map for the downside in oil   Published 5/20/15 Commodities… NATGAS…put in a topping and upside exhaustion pattern yesterday. We’ll need a day or two for confirmation that … Continue reading →