Pro Tips

A.M. Look 9/8/14

Posted on 09/08/2014

Stocks… SPU’s…need sustained price action under 1885-7 to break anywhere. Bonds … 30 yr. Bonds…range bound.  FX… GBP/USD…Sterling is reacting to the Scottish Independence Polls. It put in an ORL week last week. The Yes camp for devolution is gaining … Continue reading →

QID…Trade Alert!

Posted on 09/05/2014

Sell the QID @ the market! Current market is 43.98 This dog won’t hunt! Whether we get a correction later in the month or we continue with a sideways index grind with big stock rotation into the 3rd week of … Continue reading →

A.M. Look 9/5/14

Posted on 09/05/2014

Stocks… Spu’s…the bulls saved the chart pattern from putting in an ORL in the last minutes of trading. Closing under 1987.80 puts in an ORL week and an intermediate market top. Support starts @ 1966-54. Nasd 100…needs to sustain above … Continue reading →

Midday Missive

Posted on 09/04/2014

Spu’s…just double topped on the Point & Figure chart. All new price action is needed over today’s high for more up. Spu’s have to close below 1995 to think there will be any pattern damage. It will be a late … Continue reading →

Midday Missive

Posted on 09/04/2014

ETF Traders & Portfolio managers.. HEDJ…Long European Equities with a short Euro hedge. The Risk is a close back under the 200DMA @ 56.40 DXJ…Long Nikkei with a short Yen hedge. The risk is a close under 49.50. They are … Continue reading →

A.M. look 9/4/14

Posted on 09/04/2014

Stocks… Dax…Hit big resistance just shy of 9700 yesterday. This still seems to be the lowest risk Equity Index short given the defined out. Nasd 100…put in an ORL day. Sustained price action and a close over 4095 would lead … Continue reading →

A.M. Look 9/3/14

Posted on 09/03/2014

Stocks… Spu’s…still tgt the low 2020’s Nasd 100…4160 is the next tgt. Bonds … 30 yr. Bonds.. I don’t have an interest in selling the Bonds mid-week after a 2 1/2 point break. FYI…I will be writing and trading off … Continue reading →

Midday Missive

Posted on 09/02/2014

EUR/JPY…the resting buy stops are over 138.04. You’ll need to see closes over 138.25 for more upside. Bunds…150.88 is support. You’ll need to see sustained price action under for another 40 points. IYT…152.39 is the all time high. price action … Continue reading →

A.M. look 9/2/14

Posted on 09/02/2014

Stocks… DXJ…gains upside momentum over 50.10. XLE…the energy SPDR is looking good. This has room to run to close to 100. Bonds … 30 yr. Bonds…140.21 is first support. The point & figure chart has room for a move to … Continue reading →

A.M. Look 9/26/14

Posted on 09/02/2014

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 fills my downside objective for this move. 1973-4 is mvg avg resistance. … Continue reading →