Pro Tips

A.M. Look 5/5/14

Posted on 05/05/2014

Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. DAX…put in a ORL day Friday and is following through to the downside. 9426 is mvg avg support. This is just one more tired Index that keeps failing at … Continue reading →

General Comments

Posted on 05/02/2014

30 yr. Bonds have run the Macro buy stops I’ve been looking to see elected for the past 3 months. 10 Yr. Bonds have also run into resistance. The Ten year has to close over 125.12 for another leg up. … Continue reading →

Midday Missive

Posted on 05/02/2014

XLE…is attempting an ORH day closing over 93.86 KBE, JPM, BAC, XLB, BBY,NKE..are all low risk longs with a stop against today’s low.

A.M. Look 5/2/14

Posted on 05/02/2014

Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. Midcap 400.. the 50 DMA capped it’s rally yesterday, this index will gain upside momentum closing over yesterday’s high. MVV…65 is the 50 DMA. The upside closing momentum # … Continue reading →

A.M. Look 5/1/14

Posted on 05/01/2014

Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. KRU…82.00-30 is first resistance and the upside pivot. FB…60.50 is near resistance. SMH…just missed putting in an ORH day. As long as this stays above 44.30 I’d give this … Continue reading →

Midday Missive

Posted on 04/30/2014

Euro…the resting buy stops are over 138.80, today’s ORH# Gilts…a close today over 110.30 puts in an ORH day. Today’s low is it’s 200 DMA. KBE…a close over 32 will provide short term bottom to trade against. IBB…has held for … Continue reading →

A.M. Look 4/30/14

Posted on 04/30/2014

Stocks… Spu’s… closing over 1874 will run out the short sellers. 1864 was the qtrly close. Since it’s month end this will become a big pivot late in the day. Good above/Negative below. Late price action below 1860 (last weeks … Continue reading →

A.M. Look 4/29/14

Posted on 04/29/2014

Stocks… Spu’s… price action over 1870 and closing over 1874 will run out the short sellers. Bonds 30 yr. Bonds… have a double top on the point & Figure charts from Friday. 133.24 is first support. A close below 133.15 … Continue reading →

Price Action

Posted on 04/28/2014

The Spu’s held Unchanged on the year with interim support @ 1844-46 matching the Spy @ 184.70. Both are attempting ORL days and both have hit intermediate support. 15.20 is resistance in the VIX. Most instruments are getting oversold again. … Continue reading →

QQQ…Follow Up

Posted on 04/28/2014

We have a resting limit order in for the 85 QQQ  2 May Puts. These expire Friday. The Puts jumped after we put out the alert. Do Not chase this trade! This is a directional bet for the end of … Continue reading →