Pro Tips

TBT…Trade Alert!

Posted on 09/12/2014

SELL 1/2 your Long position @ the market. Current price is 59.05 Leave the order to sell @ TBT 59.85 working. 30 yr Futures Traders should do likewise,( Buy 1/2 your short Futures) there are only a few ticks left … Continue reading →

A.M. Look 9/12/14…W/ Trade Alerts

Posted on 09/12/2014

Stocks… GS…177.25 was last years close. A close today above 182 puts in an ORH week, targeting 192 short term. Semi Annual resistance starts @ 189. By remaining above 177 GS should retest the 215 level it broke from in … Continue reading →

Midday Missive

Posted on 09/11/2014

The banks will be a low volatility trade. JPM,C,WFC & BAC are set up for more gains. The risk in the IAT “Regional Bank” trade appears to be limited to about 2%. FEYE…the technical formation is good. By holding above … Continue reading →

IAT….Trade Alert!

Posted on 09/11/2014

BUY IAT @ 34.05 Stop on Close! The Regional Banks are attempting an ORH week. This goes along with my thinking that 142.00 was it for a high in the 30 Yr. Bonds.

A.M. Look 9/11/14

Posted on 09/11/2014

Stocks… IAT…a Friday close over 34.01 is an ORH week and should be taken as an upside break out in the regional banks. WFC…needs to sustain above 51.60 to start another bull move. FEYE…needs closes over 36 to extend this … Continue reading →

A.M. look 9/10/14

Posted on 09/10/2014

Stocks… Nasd 100…sustained price action over 4085 negates yesterday’s chart pattern. It will take price action under 4050 to test 3990-4001 Fib support. Spu’s…do not have the same chart pattern as NASDAQ. Price action under 1980 is needed to test … Continue reading →

Potential ORL’s all over the board

Posted on 09/09/2014

SPU/BONDS, Nasd 100,AAPL are all attempting ORL days. QID…is attempting an ORH. Sustained price action over44.60 is needed for upside follow through. Spu’s have finally given up a reversal since it last traded @ 1937.50 a month ago. This correction … Continue reading →

Currencies

Posted on 09/09/2014

AUD/USD…91.82 is the 200DMA support level. Currencies traders should look to play this via one of the crosses AUD/JPY & EUR/AUD

Midday Missive

Posted on 09/09/2014

EUR/AUD….140.25 was last weeks break down level. Price action above here would leave way to 141.35-40…this is the low risk sell zone where you want to sell the Euro and buy the Aussie via the cross with a 30 pip … Continue reading →

A.M. Look 9/9/14

Posted on 09/09/2014

Stocks… X…U.S. Steel remains firm above 39. UNH…trend support is 86.70. The first short term tgt is just below 90. Longer term this can go to near 110 as long as there is no close below 86.70. TSLA…remains firm above … Continue reading →