Pro Tips

Midday Missive

Posted on 02/11/2014

KBE…banks have been out of favor. Spu/Bonds are making me friendly to the sector. OXY…92.00 is resistance. It is also the confluence of the Golden Cross where the 50 day and the 200 day mvg averages converge. VIX…14.68 is where … Continue reading →

A.M. Look 2/11/14

Posted on 02/11/2014

Stocks… Nasd 100…3584 is the upside pivot for more strength. A monthly close over 3630 leaves way for a test of 3754. THRX…Theravance Inc put in a bullish ORH pattern Friday and has followed through with a close over it’s … Continue reading →

Midday Missive

Posted on 02/10/2014

Technology has the best looking charts. They are also following through from a technical perspective. AAPL…closing above 545 will start a whole new up leg. I can make a case for GS to bottom, however this is not the market … Continue reading →

A.M. Look 2/10/14

Posted on 02/10/2014

Stocks… Nasd 100…3524 is support. SPU’s…still need closes over 1800 for higher. The first descent retrace is in the low 1770’s. GDX & GDXJ…have been creeping higher since Dec. They both look like they can rally another couple of dollars. … Continue reading →

NASD 100 & VIX …Pattern Alert

Posted on 02/07/2014

Nasd 100 ….has the potential for an ORH week with a close over 3545. QQQ…a close over 86.89 for an ORH week VIX…15.80 is the weekly ORL. These are end of day #’s. A completion of these patterns would have … Continue reading →

AAPL …Trade Alert!…Sell Remaining Shares

Posted on 02/07/2014

I’m clearing the decks today. We bought AAPL @ 520 In Nov. Via the calls and Stock. Our average exit was between 550-560 of 90% of the position. We still have a 2.5% long weighting. I like AAPL long term … Continue reading →

TBT

Posted on 02/07/2014

ETF Traders… TBT…is attempting an ORH day. A close over 72 would confirm a Risk On Pattern with higher rates. The later in the day that we maintain over this level the better the signal.

Equities

Posted on 02/07/2014

The market initially shrugged off the data by holding 1760 level Spu. Nikkei… 14,670 high was just over the 200 day mvg avg. Nikkei needs above this level for higher. The rest of the day will be run by the … Continue reading →

A.M. Look 2/7/14

Posted on 02/07/2014

Stocks… Nasd 100…3500 +- a couple is the closing qtrly pivot. EWP…38.67 is the the weekly ORH# for Spain. I need to see a close over 39 to think there is any upside. Bonds… 30 yr. Bonds…132.01 is the weekly … Continue reading →

EURO

Posted on 02/06/2014

Euro is putting in an ORH day. This is a pattern I’m not interested in chasing into resistance areas. EUR/AUD…after double bottoming this A.M. @ 150.31 level, this cross would need a confirming close above 152.30. EUR/JPY…shows more scope to … Continue reading →