Pro Tips

A.M. Look 2/20/14

Posted on 02/20/2014

Stocks… Nasd 100…3633 is closing support. Spu’s…price recovery and a close over 1832 will lead to a test of the high. A failure @ 1832 (resistance) and a close below 1800 will lead to a test of 1730 again. SSO…shows … Continue reading →

Late observations

Posted on 02/19/2014

Spu’s…1831.80 is today’s Pit ORL#. Closing below this level is price negative. 1820 is the first area of support. 30 yr. Bonds..this is attempting it’s second reversal day in a row. I’m not biting either way. It was a descent … Continue reading →

Midday Missive

Posted on 02/19/2014

So much for the mid week break in equities. Despite the early jump in Vix it is rolling over. 14.22 is first support. Soybeans challenged it’s 200 mvg avg. 13.75. This is an exit zone. We saw some early stock … Continue reading →

A.M. Look 2/19/14

Posted on 02/19/2014

Stocks… Nasd 100…3633 is closing support.   Bonds.. 30 yr. Bonds…put in an ORH day with a close over 133.04. This level will remain pivotal going forward. Good above/ negative below. 133.29 is the 200 mvg avg. 2 closes above … Continue reading →

Midday Missive

Posted on 02/18/2014

XLE … resistance is 86.63. New closing strength is needs over 87 for Further upside. XLF…The financials are into resistance. COF …73+ a few looks to be good resistance. GS…still looks positive, but it will struggle to get over 166.25 … Continue reading →

A.M. Look 2/18/14

Posted on 02/18/2014

Stocks… Nasd 100…3633 is closing support. EWA…The Aussie shares have been on a tear. 25.18-36 is the closing resistance level. EWA could retest support @ 24.25 the lowest risk buy zone. Maintaining closes over 24.62 (the Monthly ORH#) is key … Continue reading →

Long Exposure Suggestions

Posted on 02/14/2014

XLP…28 Feb 42 calls  14×17 cents XLY…28 Feb 65 calls   54×58 cents XLI…28 Feb 51.50 Calls 31×35 cents XLF…28 Feb 22 calls app .10 cents SSO..28 Feb 103 Calls MVV …I like the 65 strike. Probably have to go to … Continue reading →

Precious metals

Posted on 02/14/2014

Gold… 1345 is weekly resistance Silver…22 is weekly resistance AGQ…77.40 is fib and mvg avg resistance. 83 is substantial resistance. GDXJ…42.78 is the weekly break out #. 46.40 is resistance. The metals are not something I wish to chase on … Continue reading →

A.M. Look 2/14/14

Posted on 02/14/2014

Stocks… Nasd 100…3633 is closing support. JPM & COF put in ORH days. The financials are starting to catch a bid. XLF… came close to an ORH day and the chart pattern looks positive. Bonds.. 30 yr. Bonds… are currently … Continue reading →

30 Yr. Bond position update… w/ Midday Missive

Posted on 02/13/2014

We’re stopped out of the Bonds @ 133.05 I’m particularly impressed with myself for picking the wrong leg of the spread today. Hmmm…50 points up in the Nasd or a 6 tick loss in the Bonds. GOOG…is putting an ORH … Continue reading →