Pro Tips

Midday Missive

Posted on 12/10/2015

The Spu’s are hoping to get rescued by an Oil rally. For Oil to put on a rally the Point & Figure shows it has to hold today’s low. I have no idea which side of the market is more … Continue reading →

A.M. Look 12/10/15

Posted on 12/10/2015

Stocks… Spu’s…it’s in the middle. Much above 2055 resistance it can run back to 2070 again. Closing today below the mvg averages would not portend well for next week.Spu/Bonds are sitting on the 50 & 200 DMA cross…The spread needs … Continue reading →

Oil & Gold

Posted on 12/09/2015

OIL…38.99 was as good a place as any for the rally to initially fail. I have a price order in to sell just shy of 40 which I’ll leave working into tomorrow. I placed a resting buy order in the … Continue reading →

A.M. Look 12/9/15

Posted on 12/09/2015

Stocks… Spu’s… 2049-46 is the key mvg avg convergence level where the 50 & 200 DMA meet. This is the closing area that will run the next swing. Above the Indices remain firm led by the momentum names. DD…Du Pont … Continue reading →

The Late Show

Posted on 12/08/2015

Spu’s keep holding the 200 DMA on these mid day breaks. Stocks trying to bottom out today. These will take into the close for upside momentum verification. HZNP, CELG,BMY & IBB are all attempting bottoming patterns. NFLX AMZN FB PCLN … Continue reading →

A.M. Look 12/8/15

Posted on 12/08/2015

Stocks… CMG…this is where the day traders are playing. 516 83 will be pivotal. Anything into 500 can trap shorts. GOOGL…weakens below 760. AMZN…weakens below 660. Spu’s…weaken under 2064. Nikkei…breaks down under 19,380. December Futures expire Thursday. Bonds… Bund…the Dec … Continue reading →

The Late Show

Posted on 12/07/2015

NFLX…is causing continued Index weakness with price action below 125.75, today’s daily ORL#. The weekly sell stops are below 122.42. AMZN…the same # here is 661.40, which if closed below, would lead me to question the health of the entire … Continue reading →

A.M. Look 12/7/15

Posted on 12/07/2015

Stocks… AAPL…117.50 is the low risk buy level. Nasd 100…4882 is the 2000 high. The talking heads are myopically focused on the cash, when it’s the continuation Futures prices that matter. A hold in the Indices after the fed Wednesday … Continue reading →

Gold & Miners..

Posted on 12/06/2015

https://www.youtube.com/watch?v=Bn2IQ1Xb154

Midday Missive

Posted on 12/04/2015

The Metals, Miners and the commodity currencies KIWI & Aussie are in play. Gold is bottoming. A close over 1080.70 puts in an ORH week. Do not fade the pattern. If you get one more 50% retrace today in the … Continue reading →