Pro Tips

A.M. Look 12/16/14

Posted on 12/16/2014

Stocks… Spu’s…(H) needs to sustain above 1992 for a short covering rally.(Z)  Dec. level is 2000, they’re respective 50 DMA’s. 1995 is the Monthly ORL # which either month must maintain above to avoid a slide to 1945. NASD 100…50 … Continue reading →

Midday Missive

Posted on 12/15/2014

They might have screwed enough investors that we just put in a decent low. I just priced some 122 through 124 SSO calls expiring Friday. They’re too wide for my blood. I’ll wait it out until later in the week. … Continue reading →

JJG & Ford Trade Alerts & Order Updates

Posted on 12/15/2014

SELL 30% of Long JJG @ 40.20  GTC. This will pay for the trade with a 5% gain on part of the position. The intra day protective sell stop is GTC. Ford..we are using a 14.20 Stop on Close on … Continue reading →

A.M. Look 12/15/14

Posted on 12/15/2014

Stocks… Spu’s…(DEC) the Mid 1990’s, which will be a retest of the 50 DMA and Gap we took off from in Oct. is the support level we bounced from last night. 2022 will remain a key pivotal level for the … Continue reading →

Midday Missive..Spu Order Cancellation!!

Posted on 12/12/2014

It’s going to be sloppy the rest of the day. Since I’m called away and won’t be in front of a screen to fight the Bots the rest of the day, I’m cancelling my buy orders In the Spu’s. The … Continue reading →

A.M. Look 12/11/14

Posted on 12/11/2014

Stocks… Spu’s…2022.50 in the Mini’s and 2012 in the Pit contract will be pivotal into Month end. They are this qtr’s ORH #s. Yesterday’s low was either the low for the rest of the week, and most likely the year, … Continue reading →

UNH…Trade Alert!

Posted on 12/10/2014

I tried a long off an ORH pattern yesterday in UNH . I’m getting no love from the position. SELL UNH @ 99.60 stop on close.

JJG…Trade Alert!

Posted on 12/10/2014

SELL JJG @ 38.21 STOP! This is an intra day working order…Place it! This is a closing trade order! USDA Crop Report is released @ 11:00 A.M. CDT. I’d rather Stop out at break even than sit through a lot … Continue reading →

A.M. Look 12/10/14

Posted on 12/10/2014

Stocks… Spu’s…need to close back over 2064 resistance to confirm higher.2037 is support. UNH…put in an ORH day. As long as this closes above 99.50 we’ll stay with this. Look for an initial run up to 104. DB…Deutsche Bank…31.00 is … Continue reading →

Linn Energy & Ford Trade Alert!

Posted on 12/09/2014

LINE 16 Dec 14 calls. The worst might be over for this name, however I’m not willing to risk a lot of money owning it outright to find out. The 16 Calls which expire a week from Friday could give … Continue reading →