Pro Tips

Food for thought

Posted on 11/03/2015

Tomorrow morning is the ADP # before New York trade starts @ 7:15 CDT. We’re in a full on feeding frenzy led early by the Oil patch. Today’s last 45 minutes to an hour could see some position squaring while … Continue reading →

The Late Show

Posted on 11/03/2015

Buy the breakouts!! IWM…above 118 I bought the 118 Nov 6 calls. The daily is up and going, the weekly still needs a close over 118.60 NFLX…is not backing off nor is AAPL over it’s 200 DMA. FLR…weekly resistance and … Continue reading →

Midday Missive

Posted on 11/03/2015

AAPL…@ 121.88 is trading @ it’s 200 DMA. MSFT…is not breaking. 30 Yr. Bonds…155.15 is the ADC 200 DMA. Further weakness under 155.10 is needed for further Dollar buying. The Bonds will drive the banks and the dollar. MON,MOS & … Continue reading →

A.M. Look 11/3/15

Posted on 11/03/2015

Stocks… IWM…needs above 118 to extend higher. Bonds … FX… Commodities… Gold…1138 is resistance, price action above 1143 is needed to to run the shorts out. Oil..is holding the breaks. Look for more upside above 46.75. General Comments or Valuable … Continue reading →

A.M. Look 11/2/15

Posted on 11/02/2015

Stocks… Nasd 100… 4555 is the low risk buy zone. Closing and holding above 4686 is needed for a test of the all time high of 4882.   DAX…holding above 10,927 will keep the Dax firm.  Spu’s…are now caught between … Continue reading →

A.M. Look 10/31/15

Posted on 10/31/2015

Stocks… Spu’s… 8/19/15 high we broke from was 2093.25. It was Mid-week high. Note should be taken at yesterday’s index lows ( SPU’s 2073.50 & Nasd 100 4642.75) which would be today’s ORL #’s. These are the panic levels for … Continue reading →

Midday Missive

Posted on 10/29/2015

Equity Bond spreads are breaking out to the upside. The Bonds are driving the spread. We’re getting the channel breakdown below 156.22 in the 30 Yr. Futures. This is not a small thing. The spread is attempting an ORH month … Continue reading →

A.M. Look 10/29/15

Posted on 10/29/2015

Stocks… Spu’s…2053 is support and the downside pivot. Use 2085 for resistance. Bonds … FX… Euro…110.40 is today’s point & figure resistance. Commodities… Oil…46.30 is resistance and the closing upside pivot. General Comments or Valuable Insight There was a lot … Continue reading →

A.M. Look 10/28/15

Posted on 10/28/2015

Stocks… Spu’s…2053 is support. Spu’s need to print 2049-50 for a reversal to appear on the Point & Figure chart.  GILD…107.15 is the 200 DMA. You’d need sustained price action below for any real profit taking. UNH…will need over 120 … Continue reading →

A.M. Look 10/27/15

Posted on 10/27/2015

Stocks… Spu’s…2055 is support and the downside momentum level. As of now you’d need to see sustained price action below 2053 to see profit taking. GOOGL… weakens below 711. AMZN…weakens below 579.   Bonds … 30 Yr. Futures…can squeeze up … Continue reading →