Pro Tips

A.M. Look 8/13/14

Posted on 08/13/2014

Stocks… Spu…1939-42 is resistance. 1952 is 50 DMA resistance.   Nasd 100…looks better than the broader market. 3910-15  is resistance and the closing upside pivot. Do not fade price action above 3920. Midcap 400…138600 is closing resistance.   DAX…9200 is … Continue reading →

Midday Missive

Posted on 08/12/2014

The Miners are catching a bid with the European Equity sell off. GDXJ…is a low risk buy against 42.40 ABX…is breaking out to the upside as investors in Europe seek safe haven in the metals and the Miners. Both the … Continue reading →

A.M. Look 8/12/14

Posted on 08/12/2014

Stocks… Spu…is caught between 1932 support & 1939 resistance. 1952 is 50 DMA resistance.   Nasd 100…looks better than the broader market. 3910-15  is resistance and the closing upside pivot. Do not fade price action above 3920. AAPL…sustained price action … Continue reading →

Midday Missive

Posted on 08/11/2014

OIL…99.20 is the low risk sell zone with a very tight stop. VIX…13.60 is 200 DMA support. This level seems to be aligning with the first resistance levels mentioned this A.M. in the Indices. IWM…113.70 is 200 DMA. 114.50 is … Continue reading →

A.M. Look 8/11/14

Posted on 08/11/2014

Stocks… Spu’s…1934 starts resistance with price action needed over 1937.50 for a run to 1952. Nasd 100…looks better than the broader market. 3910-15  is resistance and the closing upside pivot. AAPL…Friday’s low was a retest of the earnings report low … Continue reading →

Friday Afternoon…the world loves Vladimir again!

Posted on 08/08/2014

SSO…I’m looking for this to trade up to 114.50 for a start. Closing over 115.50 is very Bullish. Spu’s…a close in the all session mini’s (EPU) over 1925.75 puts in an ORH day off a very oversold market. Look for … Continue reading →

Midday Missive

Posted on 08/08/2014

I sold a couple of 30 Yr Futures this A.M. @ 140.00. I still have a resting order at the target to sell more. This is a big macro level. The 30 needs under the hourly support @ 139.10 to … Continue reading →

A.M. Look 8/8/14

Posted on 08/08/2014

Stocks… Spu’s…(Pit Session) put in an ORL day.  1874-57 is the low risk buy zone. SSO…104.25 is the 200 DMA. Nasd 100…3800-10 is support. A close over 3859 is needed for bottoming action.   VIX…14.80 is first support. Only a … Continue reading →

Midday Missive

Posted on 08/07/2014

AAPL…96 is resistance NFLX…445 is resistance and the upside closing pivot. LCQ…Cattle is attempting an ORL day. 155.75 is mvg avg support. Weekly sell stops are @ 155.30 tgting 153.40. In short, the Spu/Bond Spread has yet to bottom. I’m … Continue reading →

A.M. Look 8/7/14

Posted on 08/07/2014

Stocks… Spu’s…closing back above 1940 will put the Bulls firmly back in control. 1875 is my buy zone. This is the spot I’m buying the Index to see how big of a bounce I can get. Nasd 100…3850 will be … Continue reading →