Pro Tips

Midday Missive

Posted on 02/23/2016

The board should stay Risk Off through London’s close. 30 yr. Bonds…are now at levels which is an exit zone for longs, however closing over this area will be very negative equities Long Gold/Short Euro…is moving to new yearly highs. … Continue reading →

A.M. Look 2/23/16

Posted on 02/23/2016

Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Bonds.. 30 yr….166.20 will be pivotal over the next couple of sessions. After electing the buy stops last night sustained price action … Continue reading →

A.M. Look 2/24/16

Posted on 02/22/2016

Stocks… Spu’s….near term sell stops are below 1898.50. There was one short covering rally into London’s close.   DAX…looks set to retest 9067.   Bonds.. 30 yr….168.11 is the high close for this swing. FX… AUD/USD…71.62 is near support and … Continue reading →

A.M. Look 2/22/16

Posted on 02/22/2016

Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Midcap…61.59 is the 50 DMA. Both the Midcap & Russell have similar patterns. Bonds.. 30 yr….166.20 will be pivotal over the next … Continue reading →

A.M. Look 2/19/16

Posted on 02/19/2016

Stocks… Spu’s….We need back under 1912 to weaken, targeting 1885. Bonds.. 30 yr….167.12 is initial fib resistance with a possible failure @ 167 +-. FX… YEN…remains strong with a risk off board. First retest is 89.00. Commodities…   Gold..Buy hard … Continue reading →

Midday Missive

Posted on 02/18/2016

Spu’s…finally had a reversal. Battle lines have now been drawn. 1912 held it’s first initial re test. The P&F confirms the level as well lining up my initial momentum studies. Gold/Euro….is retesting it’s high close Gold/Suisse.…is retesting it’s high close. … Continue reading →

A.M. Look 2/18/16

Posted on 02/18/2016

Stocks… Spu’s….the pain trade for the shorts is on. I’m not picking a high. We’d need back under 1912 to weaken. This has been one of the biggest uninterrupted moves in a couple of years with no reversals for the … Continue reading →

Midday Missive

Posted on 02/17/2016

Gold,Canada & Aussie were all big opening range trades. The last high in Canadian Futures was 73.31 2/4/16. CAD/JPY…is trading at it’s daily ORH#. Price action and a close over 83.80 will telegraph more risk on. Canada strength is coming … Continue reading →

A.M. Look 2/17/16

Posted on 02/17/2016

Stocks… Spu’s….just wait a time frame. After the early Asian trade, which started higher and failed, I was fairly convinced that was the high for the rest of the week. London had a different take with the SHCOMP breaking out … Continue reading →

A.M. Look 2/16/16

Posted on 02/16/2016

Stocks… Nikkei… SHCOMP…   Bonds.. 30 YR. …will take a close under 165.08 to weaken and signal more Risk On. TLT… FX… Yen… Yuan…6.45 is the level to monitor for long term trend. Commodities…   Gold…1194 is trend support and … Continue reading →