Pro Tips

UNH…Trade Alert!

BUY 40 UNH  DEC 14 104 Calls @ .20. The market is wide with very little volume. I wouldn’t pay up at the market! Place an order mid market to see if you can get some on. These expire in … Continue reading

Metals

Gold …1240 the level that won’t go away (The last qtrly ORL#), followed by 1265-70. ​SILVER​…17.40-80 is resistance and the exit for Longs. Time frame trading the rest of the day. Expect the Dollar rout to abate after London’s close.

Midday Missive

SPU’s…need to hang in around 2037 or you can see the low 2020’s. There is no hope for the Oil complex for another week. SILVER…there is hope as long as it holds 16.60 on any break. The entire dollar trade … Continue reading

Midday Missive

SPU’s…need to hang in around 2037 or you can see the low 2020’s. There is no hope for the Oil complex for another week SILVER…there is hope as long as it holds 16.60 on any break. The entire dollar trade … Continue reading

A.M. Look 12/9/14

Stocks… Spu’s…need to close back over 2064 resistance to entice me back in. IWM…needs back over 116.80 close to negate yesterday’s ORL pattern. 114.25 is support @ the 200 DMA. Ford…closing today below 15.40, 50 DMA, will have me exit … Continue reading

Midday Missive

Time for all Longs to assess their holdings. Biotech has been a counterweight to Oil & related Energy name weakness all A.M. EUR/JPY held a big technical level, led by Euro strength. VIX…13.80 is 200 DMA resistance. Look to match … Continue reading

A.M. Look 12/8/14

Stocks… Spu’s…2058 is this week’s support Bonds … Bund & Italian Bond Futures expire today. FX… EUR/JPY…148.23 is today’s ORL #. Sustained price action under 148.00 is needed for further profit taking. USD/JPY…119.69 is today’s ORL #. Sustained price action … Continue reading

A.M. Look 12/5/14

Stocks… Spu’s…2060.75 is the must hold level. 2060.75 is the level to key off of. This is the weekly ORL#. This will act as support and the closing downside pivot with resting sell stops below. Price action below here will … Continue reading

European Close

Spu’s…2060.75 is the level to key off of the rest of the week. This is the weekly ORL#..This will act as support and the closing downside pivot with resting sell stops below. Price action below here will run out all … Continue reading

Midday Missive

EURO…124 + a few was a good initial high. Looking at the Dollar index the worst of the short covering rally could be over. DAX…had a descent break and DAX/BUND spread is coming into the 200DMA support level. The worst … Continue reading