Pro Tips

Midday Missive…Currencies

Posted on 10/03/2014

GBP/USD…159.85 is the 50% Fib for the past 2 years. Sustained price action below this level projects to 158.50. AUD/USD…still targeting 85.00 USD/CHF…96.80 is the next closing momentum level. (103.30 Futures) is support and the closing downside pivot.

A.M. Look 10/3/14

Posted on 10/03/2014

Stocks… SPU’s …need sustained price action back under 1928 to weaken. Everyone is looking at 1954 ish for resistance, however the Point & figure has room for a move as high as 1967, which would  definitely screw the most amount … Continue reading →

The late Show

Posted on 10/02/2014

Spu’s just corrected a full 100 points from the high. Bottom fishing is rampant with the Spu’s having just rallied 15 points off the low. The worst is over for now and traders will await tomorrow’s employment #. IWM elected … Continue reading →

A.M. Look 10/2/14

Posted on 10/02/2014

Stocks… Nasd 100…4016 is resistance. 3948 is weekly support. FB…could go as low as 75.40 and snap back, however a close tomorrow under 75.95 will have this name heading south for as much as a 10% correction. VIX…17.50 is weekly … Continue reading →

Midday Missive

Posted on 10/01/2014

The qtrly Equity Index charts are pretty ugly. I’m looking for 1875 +- a few in the Spu’s & 3800 Nasd 100. Closes over 1954 in the Spu is the only thing that will negate the targets. USD/JPY….is trying to … Continue reading →

A.M. Look 10/1/14

Posted on 10/01/2014

Stocks… IWM…put in an ORL month. Russell continues to be the dog with fleas. 107.44 is the next set of macro sell stops. If these get elected look for another 8% down. SPU’s…sustained price action and a close under 1954 … Continue reading →

Euro…Trade Alert!

Posted on 09/30/2014

BUY 1 EURO @ the Market! This is a closing trade, we will have a 25% short remaining.

A.M. Look 9/30/14

Posted on 09/30/2014

Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 filled my downside objective for this move. Price action and a close … Continue reading →

The late Show

Posted on 09/29/2014

Path of least resistance going into qtr end is up. Lower lows at the 50 DMA in the Nasd 100 & Spu’s have held. LNG could catch a bid going into tomorrow. GOPRO has hit it’s tgt at 90. F…Ford … Continue reading →

Midday Missive

Posted on 09/29/2014

The Bond charts all look different depending on time frame or type of chart (continuation or day session). Nevertheless price action over 138.22 USAZ is needed for a move to 139.06-9. The rest of the day will be a SPU/BOND … Continue reading →