Pro Tips

Midday Missive

Posted on 10/21/2014

EURO…127.31 is today’s ORL #. A close below this level today will see the start of new weakness in the Euro. The first support level is 126.90-96. This is also the downside closing pivot for more weakness. AUD/USD…I just sold … Continue reading →

AUD/USD…Trade Alert!

Posted on 10/21/2014

SELL 4 AUD/USD @ the market!

A.M. Look 10/21/14

Posted on 10/21/2014

Stocks… Spu’s…1904 the 200DMA was good for a 20 point move off the China PMI data last night. I’m looking for the Indices to rally into tomorrow. Technicians are watching the downtrend line that comes in @ app 1930 to … Continue reading →

A.M. Look 10/20/14

Posted on 10/20/2014

Stocks… NASD 100…there is room up to 3850 to rally as long as it holds a retest back to the 200 DMA @ 3770.   Sell stops are building below 3742.   Spu’s…resistance 1891, 1904,1917. These were the support levels … Continue reading →

A.M. Look 10/17/14

Posted on 10/17/2014

Stocks… NASD 100…there is room up to 3850 to rally as long as it holds a retest back to the 200 DMA @ 3770   Spu’s…resistance 1891, 1904,1917. These were the support levels coming down which are now resistance. Last … Continue reading →

The Late Show

Posted on 10/16/2014

Nasd 100…Didn’t rally high enough. Pit Futures (U.S. Session) need a close over 3800 for an ORH day . EWA & ASX 200 Put in ORH days yesterday and look ripe for more gains. Oil… held a retest of the … Continue reading →

Crude…WTI

Posted on 10/16/2014

82.45 is today’s ORH#. There are resting buy stops above targeting as high as 83.59 . Some of the Oil majors OXY,COP, CVX look to all have room for a descent rally of a few %. DIG…60.50 is initial resistance … Continue reading →

Midday Missive

Posted on 10/16/2014

DAX/BUND  has it it’s downside objective of a 2 yr 50% retrace, along with the EFA hitting the 200 WMA @ 58.68. These are first cover and potential bounce levels, matching the double bottom in the Spu’s Point & Figure … Continue reading →

A.M. look 10/16/14

Posted on 10/16/2014

Stocks… Spu’s….1810 is support and closing below 1800 leaves way for a test of 1725-30. Nasd 100…3700 is support and the closing downside pivot for another 150-200 points. Minimally, this has to gain traction back over the 200 DMA @ … Continue reading →

SSO…Trade Alert!

Posted on 10/15/2014

The low looks pretty good in the Spu’s. They could easily rally to 1872 today. BUY the SSO @ the market!