Pro Tips

Yen Follow Up!

Posted on 03/09/2015

Options traders… I chose the FXY puts since they were far cheaper than the YCS calls. For less than half the premium you get a measured look (You know how much you can lose) at the downside in the YEN. … Continue reading →

YEN…Trade Alert!

Posted on 03/09/2015

BUY 40 FXY 3/20/15 80 Puts @ .40 cents…This is Mid market. Futures traders…sell any wiggle back up to 82.66 SELL 4 JYAH @ 82.63 This is a trade with “Risk On bias”. Nikkei did not sell off with the … Continue reading →

Midday Missive

Posted on 03/09/2015

Healthcare ETF’s are hovering around momentum levels. IBB..340 is basically neutral. It’s the short term pivot. Below, I’ll look eyeball 335-332 for next support. XLV…71.85 is basically neutral. It’s the short term pivot. Give it a little time. They tried … Continue reading →

A.M. Look 3/9/15

Posted on 03/09/2015

Stocks… Spu’s…I still have 2061 as a level to look to buy before you sell. Looking at a long term point & figure Spu’s could work there way into the high 2040’s and still hold long term pattern integrity. GOOGL…560 … Continue reading →

VIX…Momentum Indicator

Posted on 03/06/2015

This is a big hold and upside momentum breakout in the VIXDo not go bottom fishing in the Indices.

Midday Missive

Posted on 03/06/2015

30 yr. Bonds…The (H) is putting in an ORL day. I’m now of the opinion that the June 30 will eventually trade down to the 153-154 over the next few weeks.Sell any good rally. We never got a rally. This … Continue reading →

A.M. Look 3/6/15

Posted on 03/06/2015

Stocks… Bonds …   30 Yr. Bonds…(M) 161.10 is a descent resistance level for today. BUNDS…(H) Futures expire today. June (M) is front Month. FX… EURO…To elicit any meaningful short covering, you’d need to see price action over last night’s … Continue reading →

A.M. Look 3/5/15

Posted on 03/05/2015

Stocks… AVGO…put in an ORH day. If this holds early and starts up it can go. Opening range trading 101. RCPT…put in an ORH day. If this holds early and starts up it can go. Opening range trading 101. PCYC…the … Continue reading →

Midday Missive

Posted on 03/04/2015

It’s all biotech… IBB,BIIB,EXAS,ZIOP, BCRX, PCYC,AGIO,PTCT . Some of the names are trying to bottom like AGIO, others like ZIOP have put in higher lows for the past 6 trading days and are just going. CELG…gains upside momentum over 121 … Continue reading →

MMM & INTC…Trade Alert!

Posted on 03/04/2015

This is a Closing Trade SELL MMM & INTC @ the Market!