Pro Tips

QQQ…Trade Alert!

Buy the 2 May 85 QQQ Puts @ .30 or better This is a 10% position

Midday Missive

V…Visa looks to have bottomed. The first test is 207.50. The stop for any attempted long is 203. FEYE…between Palo Alto Networks Fireeye looks to have better upside to close 44.50. PANW resistance starts @ 66.35 ITB…rates are low and … Continue reading

Midday Missive

SCHW…is attempting an ORL day by staying under 26.73. By not holding 26.49, mvg avg support, look for the up move to be over. PCLN…1109-10 is the 200 DMA support. KBE…is trading @ it’s 200 mvg avg @ 31.96. Price … Continue reading

A.M. look 4/28/14

Stocks… AAPL…575.13 was last years high. There should be resting buy stops above this level. Bonds 30 yr. Bonds… have a double top on the point & Figure charts from Friday. 134.12 is first support. A close below 133.15 is … Continue reading

Midday Missive

Europe is heading for the exits. Vlad the Impaler is shading enthusiasm for any squeeze up into month end. XLF… is breaking down below 2190. AMZN…the first downside wave count tgt is 302. Nasd 100…3500-11 should give the sell off … Continue reading

Bunds & Gilts

Bund…144.65 is resistance and the upside closing pivot. This would precipitate an initial quick 100 point rally with higher tgt’s ahead. Gilt…110.20 is support. 110.78 is mvg avg resistance. The macro buy stops are @ 111.18. A close over this … Continue reading

A.M. Look 4/25/14

Stocks… Spu/Bond…spread is breaking down, led by the 30 yr. rally. This is capping the Equity Index rallies. Spu’s…would need to sustain under 1864 to see much selling. Bonds Ten year… TYM…sustained price action over 124 will have investors selling … Continue reading

Gold & XLF

Gold is getting oversold short-term. 1265 will still act as support and a possible bear trap the first time down. The metals are under pressure which is a direct result of higher equity prices. Sell rallies not breaks. ​Gold just … Continue reading

Midday Missive

FB…opened a full dollar shy of the pre market high. Not Bullish! SPU’s…1867.50 is today’s ORL # NASD 100…3545 is today’s ORL # UVXY & VXX…show potential ORH days.

A.M. Look 4/24/14

Stocks… AAPL….resting buy stops are 575 tgting 584. 532 is support and the low risk buy zone.Those that bought lotto tickets yesterday should take the bulk of the money on the opening. FB…65 is mvg avg resistance.Those that bought lotto … Continue reading