Pro Tips

Midday Missive

It’s all in a name. The indices will be a nightmare to trade. The Nasd 100 will remain firm as long as IBB holds today’s low of 344 which is it’s 200 DMA. BBY…36.05 is the 200 DMA. Closes over … Continue reading

A.M. Look 8/27/15

Stocks… Spu’s…1964.50 was Sunday’s opening range with small buy stops above. Sustaining and closing above should solidify this low. This is an exit zone the first time up for Futures traders. Bears will give it one more go @ 1978. … Continue reading

The Late Show

There have been a tremendous amount of treasuries sold last night into today. After 2 CDT is when the rubber hits the road. We need to see if any of it translates into stock buying late. So far this rally … Continue reading

A.M. Look 8/26/15

Stocks… Spu’s…1950 will act as resistance. Bonds … Bunds…154.58 is today’s resistance area   30 yr. Bonds…weaken under 157.22 close   FX… The dollar is reacting to the Spu’s. You can’t buy strength or sell weakness.   Commodities… OIL… 39.80 … Continue reading

Midday Missive

Bunds & Bonds have gone from one extreme yesterday to the other extreme. These charts show it is no longer profitable to be short treasuries into these levels. TBT has hit it’s first mvg avg resistance @ 43.90. Euro…I doubt … Continue reading

Midday Missive

Bunds & Bonds have gone from one extreme yesterday to the other extreme. These charts show it is no longer profitable to be short treasuries into these levels. TBT has hit it’s first mvg avg resistance @ 43.90. Euro…I doubt … Continue reading

A.M. Look 8/25/15

Stocks… Spu’s…1950 will act as resistance. Anything over 1964 is an exit zone the first time up. Bonds … Bunds…153.82 is first fib support.   FX… AUD/JPY…is pretty much the same chart as the Spu’s. 86.86, last night’s high,is first … Continue reading

A.M. Look 8/24/15

Stocks… Nasd 100…4041.50 is where the next set of macro sell stops reside ( the semi annual ORL#). Nasd now needs to maintain above this level to stabilize. 3810 is my targeted support level without sustained early recovery over 4041. … Continue reading

A.M. Look 8/21/15

Stocks… Nasd 100…4265 is the first target. Spu’s…1965-75 is the first buy before you sell level. DAX…led the rally in 2014 and led the down on this break. 10,000 +- a few was the breakout level. This will continue to … Continue reading

The Late Show

GOOGL is finally giving it up. 671-73 is today’s support and downside closing pivot. IBB…432 is the 200 DMA. Nasd 100…today’s 200 DMA is 4380, a level that looks to be tested which would give the Nasdaq another 100 point … Continue reading