Pro Tips

VXX…Trade Alert!

Posted on 07/16/2014

Sell 1/2 Long VXX @ 28.05 We’re taking half off just below trend resistance and letting the rest ride. This is a tactical Long to protect profits for the Long only managers. If filled raise your stop to break-even. We’re … Continue reading →

VXX…Trade Alert!

Posted on 07/16/2014

Investors are taking some profits against a potential double top in the Spu’s prior to Yellen’s Senate grilling. There is a potential double bottom in the VXX (Vix ETN). Buy the VXX @ the Market. Use a 26.80 Stop GTC. … Continue reading →

AAPL…Trade Alert!

Posted on 07/16/2014

Sell 30% of your Long AAPL shares @ 99.20 GTC I want to lock in some profits just shy of 100 to pay for the trade.

A.M. Look 7/16/14

Posted on 07/16/2014

Stocks… BAC…needs a close over 16.20 for a sustained move higher.   AAPL…we’ve raised our stop to break-even. Bonds… 30 yr. Bonds…are stuck. Only a close below 136.10 would lead to a Bond sell off. FX… Euro…a close below 135.30 … Continue reading →

Price Action Equity Indices…GLD Follow Up

Posted on 07/15/2014

Nasd 100…a close today under 3897 puts in an ORL day. 3882 has to bounce pretty hard for the markets to remain firm. GOOG…586.70 is the ORL #. There is a lot of money long equities. This is a game … Continue reading →

GLD…Trade Alert!!

Posted on 07/15/2014

This is about as close as your going to get for a good puke to go long Gold. I like it against the 1287 area in the Futures. ETF traders…124.09 is the GLD 200 DMA. BUY GLD @ the market!

Midday Missive

Posted on 07/15/2014

SCIF…Market vectors small cap India is holding. This has the potential to rally to 49 as long as it holds today’s low of 46.87. ORCL…needs a close over 40.85 to confirm higher. Spu’s…1960 is today’s key closing level to keep … Continue reading →

Comments.. Grains

Posted on 07/15/2014

I’m still looking for signs of a bottom in the grains. This will be a price action trade, meaning if they can hold after 9:30 CDT and start up, it will be a low risk long with a stop below … Continue reading →

A.M. Look 7/15/14

Posted on 07/15/2014

Stocks… IWM…113.22 is support and the low risk buy zone this week. Closes over 117.50 is needed to signal a new push higher. Bonds 30 yr. Bonds…136.17 is first support @ the 50 DMA TLT…112.95 is near term support. FX… … Continue reading →

Midday Missive

Posted on 07/14/2014

We’re off to a the races with managers buying upside into earnings season. TSLA & SCTY …are attempting ORH days…Everything Elon Musk NFLX…The 25 July 500 calls have doubled this A.M. to around $5.30 cents. The 500 strike is achievable … Continue reading →