Pro Tips

Midday Missive

Posted on 04/23/2014

IBB…227.40 will be pivotal for the Nasdaq. Only price action under this level would lead to more Index weakness today. NFLX…357.50 is the hold # for the rest of today. Sustained price action below could lead to a test of … Continue reading →

A.M. Look 4/23/14

Posted on 04/23/2014

Stocks… AAPL,FB Delta report today. GILD…is up a couple of bucks in pre-market. Investors who are long this name should pay for their trades. GDXJ…36.35-50 is resistance and the upside closing pivot. Bonds 30 yr…the current range is 133.18-134.10. Sustained … Continue reading →

Midday Missive

Posted on 04/22/2014

Spu’s, Dax, Nasd 100, NFLX,IBB have all hit resistance and their upside closing pivots. This is not the time not the place to press direction in the Indices. Pay attention to the 30 yr. Bonds for their weakness translates into … Continue reading →

A.M. Look 4/22/14

Posted on 04/22/2014

Stocks… Nasd 100…3570-78 is the resistance area for this swing. AAPL…as long as 530 holds I’m friendly. 538-539 is first resistance.Earnings are tomorrow and Apple has had a nasty habit of being down after earnings. Weekly options are the way … Continue reading →

Midday Missive

Posted on 04/21/2014

Those wishing to play today’s little lotto. LNKD…25 April 14 180 Call 2.90 is about Mid-market. NFLX…25 April 14 370 Call These are almost 4 times as expensive as last qtr’s earnings trading around $8.50 dollars. The last time NFLX … Continue reading →

A.M. Look 4/21/14

Posted on 04/21/2014

Stocks… NFLX…A close above 353 is needed for more upside. JPM…55.55 is resistance and the upside pivot. Watch for market tone in the financials. It’s short-term oversold. Midcap 400 ( MVV)….are into resistance. Bonds 30 yr….133.16-18 will be pivotal. TBT…66.24 … Continue reading →

Shopping List….Dream #’s

Posted on 04/11/2014

Nasd 100..should have a bounce off the 200 day @ 3365 ish. Shorts should be out of the bulk of their position @ this level. This is the spot to be taking off (locking in profits) on 75% of your … Continue reading →

A.M. Look 4/11/14

Posted on 04/11/2014

I will be out of office ( out of the country) traveling for meetings through next week. The lack of bandwidth to run my proprietary studies on my sojourn renders my laptop an overweight I Pad. I won’t be writing … Continue reading →

Midday Missive

Posted on 04/10/2014

Spu/Bond is trading on it’s 50 day mvg avg again with a potential ORL day. Nasd 100…a close today below 3526.25 puts in an ORL day. If either of these patterns play out, we’re going to break into Monday. Having … Continue reading →

Gold/ Currencies

Posted on 04/10/2014

Yen/Gold clearly broke out through it’s 200 day mvg avg last night. Euro/Gold is coming into support which should match up with the 1328-33 level in the Gold futures. The Aussie is a currency I’m not interested in selling, however … Continue reading →