Pro Tips

QQQ…Trade Alert!

Posted on 05/15/2014

This is a situational order not a market order! Sell  your remaining Long 23 May 87 QQQ Put position When the QQQ trades 86.05 This will Close this Trade

QQQ…Position Follow up

Posted on 05/15/2014

You should have sold 1/2 your position in the QQQ Puts. We’ve locked in a nice profit on the trade and will let the rest ride.

A.M. Look 5/15/14

Posted on 05/15/2014

Stocks… Spu’s…sustained price action under 1882 is needed for a further sell off. Nasd 100…still needs under 3575 to do any pattern damage. DAX…9600 is today’s support. FTSE…6995 is the 1999 high with resting buy stops above. This is the … Continue reading →

A.M. Look 5/14/14

Posted on 05/14/2014

Stocks… IWM…110.10-50 is support and the no sell zone. This is the area where the shorts can get spit out the first time down. Nasd 100…needs to get under 3597 for any downside to materialize. A close under 3460 is … Continue reading →

QQQ…Trade Alert!

Posted on 05/13/2014

BUY 23 May 14 87 Put (MOC) Market on Close. We’ve just had another good rally from oversold levels. Volatility has imploded. Tomorrow is a Full Moon and Lunar Eclipse, always a possible trend change event. The Ten year Bond … Continue reading →

Interest rates

Posted on 05/13/2014

30 Yr. Bonds…136.15 to just shy of 137.00 is resistance and the upside closing pivot for another 4 Bond points. 10 Yr. Bonds…125.10-12 is resistance and the closing upside pivot for another full point. (Lower Rates). Gilts…is attempting an ORH … Continue reading →

A.M. Look 5/13/14

Posted on 05/13/2014

Stocks… IWM…114.40 resistance. A couple of closes over this level is needed for a test of the yearly highs. Nasd 100…longer term point & figure charts show that some work is needed to get through 3625-35.In fact this is where … Continue reading →

A.M. Look 4/12/14

Posted on 05/12/2014

Stocks… KRU…the regional banks look to have bottomed. 82.50 is pivotal. price action over this level could lead to a test of 86. IWM…110.75 is 200 DMA resistance and the upside pivot. GOOG …put in an ORH day. GOOGL…just missed. … Continue reading →

Midday Missive

Posted on 05/09/2014

QID…the order is good on the close, and was intended as a closing order. We’ve been jerked around before late in the day, hence a closing order. It’s pain avoidance day! If you are trying to lead off on being … Continue reading →

A.M. Look 5/9/14

Posted on 05/09/2014

Stocks… QID…price action and a close over 60.20 is needed for a up. Nasd 100…will need to sustain under 3525 and close below 3505 to show it can break down for another test of the 200 DMA @ 3430. Bonds … Continue reading →