Pro Tips

A.M. Look 10/13/14

Stocks… Spu’s….1903 is the 200 DMA, this will be pivotal all week. 1876 is daily support. 1921 is daily resistance.   SSO…109.40 is the 200 DMA (Support) Bonds … 30 Yr. Bonds…142.15, then just shy of 144 is possible TLT…120.60-70 … Continue reading

Midday Missive

Look for a bid to the Dollar the rest of the day, it’s the easiest trade to push. 21.50 VIX came very close to matching up with the 200 DMA in the Spu’s. Hence the bounce in the Spu’s. That’s … Continue reading

A.M. Look 10/10/14

Stocks… VIX…21.50 is the 200 Month mvg avg and the high of the volatility spikes over the past 20 months. This is the place to match up an interim low in the Spu’s for a bounce. Spu’s….1900-02 is the 200 … Continue reading

DXJ…Closing trade Alert!

Sell DXJ @ the Market! The S&P 500 has failed to hold a rally. Better to take a little lump than a big thump.

A.M. Look 10/8/14

Stocks… Spu/Bonds…the low yesterday matched the yearly uptrend line and cloud support. The spread either holds here or it takes a dive. SPU’s…the 200 DMA is @ 1903. The weekly support line we’ve held all year comes in at 1912 … Continue reading

Midday Missive

USD/JPY…107.15 (app 93.35 Futures) is Yen resistance and the closing upside pivot. This is the spot to sell the Yen with a very tight stop of app 25-30 pips. You should see price rejection here the first time up. How … Continue reading

A.M. Look 10/7/14

Stocks… SPU’s … the point & figure pattern shows a move back to 1928 is possible. Sustained price action above the high 60’s is needed to turn the pattern Bullish. IYT…closing below 148.25 would target 141 a test of the … Continue reading

Midday Missive

They’ve tried the Equity Indices both ways and have pretty much run out all the short term money. All long Dollar trades are being unwound. I’m going to give the Euro into tonight to stop rallying or I’m checking out … Continue reading

A.M. Look 10/6/14

Stocks… SPU’s …need sustained price action back under 1954 to weaken. 1972 is today’s resistance and closing upside pivot. GOOGL…needs sustained price action and a close over 591 to held propel the indices higher.VIX…13.55 is support where the 50 & … Continue reading

The late Show

Stick to the names and sectors that have been leading. IBB & XLV are the sector ETF’s that look good. GOOGL…breaks out to the upside with a close over 591. This will propel the the Indices higher. Some of the … Continue reading