Pro Tips

A.M. Look 6/4/14

Posted on 06/12/2014

Stocks… MMM…141.50 close is support and the risk for new longs. Closing over 143.40 leads to more upside. A close below 141.00 is needed for a correction of a few percent. Bonds Bunds (M)… 146.55 will be resistance and the … Continue reading →

A.M. Look 6/12/14

Posted on 06/12/2014

Stocks… XLE & DIG…both put in ORH days. Bonds 30 Yr. Bonds…need new price action either above or below yesterday’s range for new direction. FX… NZD/USD…86.70 was last qtr’s close in the Kiwi, making the first price action above this … Continue reading →

A.M. Look 6/11/14

Posted on 06/11/2014

Stocks… Spu’s…need new strength over 1954-56 for more upside. 1st support is 1931-34. FB…Needs new closing strength over 66.60 for another move higher. TWTR…34.55 is near support. On the daily chart this looks poised to test the 50 DMA @ … Continue reading →

Midday Missive

Posted on 06/10/2014

AAPL…95.30 is the high monthly close. APPL just tested this level. I wouldn’t look for further upside until we start to close over this level. I’m not convinced we see much of a break. Trade every instrument on it’s own … Continue reading →

A.M. Look 6/10/14

Posted on 06/10/2014

Stocks… Spu’s…1931 is daily mvg avg support. Bonds Bunds…a close under 144.90 is 50 DMA support. This is a low risk buy zone with a very tight stop. FX… EUR/JPY…is poked below 138.70 (200 DMA). EURO….Yesterday I placed an order … Continue reading →

Midday Missive…W/EURO TRADE ALERT!

Posted on 06/09/2014

The Russell and the Midcap are gaining on the Nasd & Spu. I would expect that to be the case today particularly with the ORH week in the IWM. Brent…resting buy stops are over 109.87. Any $1 to $1-1/2 breaks … Continue reading →

A.M. Look 6/9/14

Posted on 06/09/2014

Stocks… IBM…185 is the 200 DMA support. Bonds Bunds…146.30-40 is resistance. FX… EUR/JPY…price action over 140.25-30 in this cross will keep a firm undertone to the Euro. GBP/USD…167.90 is neutral for the Pound. Good above/Negative below. Commodities… Corn…needs to close … Continue reading →

JJG…Follow Up

Posted on 06/06/2014

I pulled the trigger on a 5% position going into the CBOT ( CME) pit grain closes. We’ll use 46.95 for a fill price for book keeping Both the Wheat and Corn put in ORH days so it was time … Continue reading →

JJG…Trade Alert!

Posted on 06/06/2014

BUY JJG @ the market. This will be a 5% portfolio weighting

Euro Follow Up With Stop

Posted on 06/06/2014

I got that trade alert out a little late, nevertheless I’m going to keep it very tight with a 136.85 stop GTC. I know that some of you sold closer to the highs after the Midday Missive was released. It’s … Continue reading →