Pro Tips

QQQ…Trade Alert!

Posted on 01/27/2015

BUY a 5% position in the QQQ… I want to start a position in the Index.

A.M. Look 1/27/15

Posted on 01/27/2015

Stocks… SPU’s… 2043 (50 DMA). This will be pivotal all day. AAPL…reports earnings today. 110 is 50 DMA support. FTSE…6650 is 200 DMA support. Bonds … BUND…157.75-50 is support.   FX… EURO…price action over 112.75 will lead to more profit … Continue reading →

The Late Show

Posted on 01/26/2015

IWM,MVV,DIG,XLE,BMY & Nikkei are all attempting daily ORH patterns. SLB led the energy names early. XOM…is looking firm. A close over 93.30 is needed to confirm a tradable low. Line…needs a close over 10.30 to confirm the 9 low. IBM…failed … Continue reading →

ZIOP…Trade Alert!

Posted on 01/26/2015

BUY ZIOP @ 7.65 Stop On Close.This is an opening trade. ZIOP has to close over 7.65 for me to go long.

Midday Missive

Posted on 01/26/2015

IYT…is a low risk buy against today’s low. This needs to maintain and close over 161.44 for higher. APO…Apollo Group is attempting an ORH day with a close over 24.90. FB…stays firm over 77.65 SLB…is trying to bottom. By holding … Continue reading →

A.M. Look 1/26/15

Posted on 01/26/2015

Stocks… SPU’s…price action over 2043 (50 DMA) is needed to attract buyers. Nasd 100…gains upside momentum with a close over 4265. AAPL…reports earnings tomorrow. 110 is support. A close under 106 is needed to turn the pattern down. Bonds … … Continue reading →

A.M. Look 1/23/15

Posted on 01/23/2015

Stocks… SPU’s…need a close above 2065 to start another leg higher. 2035 is pattern support. The point & figure shows congestion between 2061-2072. Let the market work through this level. It’s not a great spot to initiate new longs. Nasd … Continue reading →

Midday Missive

Posted on 01/22/2015

EUR/JPY…next stop 134.14 with macro sell stops below. Investors sold the news and the rally in U.S. Equity Indices. For now I’d say the worst is over. The resting sell stops are below yesterday’s lows in the Spu’s & Nasd … Continue reading →

A.M. Look 1/22/15

Posted on 01/22/2015

Stocks… MBLY…put in an ORH day. Sustained price action and a close over 40.20 confirms the low. UAL & ALK have the same chart patterns. Both look to go higher into earnings early today, however I think a gap up … Continue reading →

A.M. Look 1/21/15

Posted on 01/21/2015

Stocks… SPU’s…2028 is daily resistance and the upside momentum #. Nasd 100… 4182 is daily resistance and the upside momentum #. SNDK…reports today.. There are weekly options available that expire Friday. This stock is oversold so an outright call or … Continue reading →