Pro Tips

Midday Missive

Posted on 08/22/2014

The Yellen comments were Dollar positive over the medium term. The Dollar is short term overbought. Be patient to not press weakness X…U.S. Steel starts gaining upside momentum over 37.50-60. TSLA…remains defensive by sustained price action under 254.58. Social Media … Continue reading →

A.M. Look 8/22/14

Posted on 08/22/2014

Stocks… Spu’s….2000 is a natural big level # where it would be imprudent to over trade. It is more a psychological level than a technical boundary. Depending upon where you like to take your swing counts from the 2020’s is … Continue reading →

IWM…Position Update

Posted on 08/21/2014

The High tick at in the last minute of trading was 115.26 so I am considering the Long position elected to avoid confusion. If your order was not elected just wait until tomorrow to see how it trades. As of … Continue reading →

IWM…Trade Alert!

Posted on 08/21/2014

BUY IWM @ 115.25 Stop On Close.  A price print of 115.25 or higher elects a market order to buy.  Today’s low was the 200 DMA. The Risk on the trade is app 1 1/2 % from here.  I’m buying … Continue reading →

A.M. Look 8/21/14

Posted on 08/21/2014

Stocks… DAX…today’s resistance is 9378. Sustained action above should lead to a test of the 200 DMA @ 9500. DXJ…put in an ORH day on Abe new stimulus plan. 50.35-66 is short term resistance. Closing over this level tomorrow starts … Continue reading →

Midday Missive…W/ Yen trade Alert

Posted on 08/20/2014

SELL Yen @ 97.64… “BUY USD/JPY @ 102.45” Good for today.This is an off the market low risk order with about 25-30 ticks of risk. You just never know how the Bots will interpret the minutes so I’m placing the … Continue reading →

A.M. Look 8/20/14

Posted on 08/20/2014

Stocks… VIX…12.66 is the 50 DMA resistance and the short term upside pivot. 13.62 is the 200 DMA.   Nasd 100…4080 is the first exit level for this swing. 4160 matching the 2000 semi annual high is the second tgt. … Continue reading →

Midday Missive

Posted on 08/19/2014

30 Yr. Bonds… are attempting to top. By remaining under 140.00 they have the potential to break another point. TBT…by maintaining above 56.85 close, TBT can rally to 58 which is the next resistance level. Banks benefiting from the price … Continue reading →

GBP/USD…Closing Trade Alert!

Posted on 08/19/2014

SELL GBP/USD @ the Market! There is no bounce to this instrument and I doubt the picture will improve by wishing it so. 166.20 is currently trading

A.M. Look 8/19/14

Posted on 08/19/2014

Stocks… IWM…115.11 is resistance and the upside closing pivot. XOM…98.11 is the 200 DMA.  EXXON has been going sideways and holding it’s 200 DMA while the Crude and Brent have been imploding for the past 12 trading days. Of the … Continue reading →