Pro Tips

A.M. Look 2/6/14

Posted on 02/06/2014

Stocks.. Dax…9300 is first resistance. Bonds… Bund…have rallied a long way. 143.40 is first support and the short term downside pivot. 30 yr. Bonds…133.18 is resistance. Look for more weakness under 132.27. This could easily give you another point. FX… … Continue reading →

Midday Missive…Spu/Bonds

Posted on 02/05/2014

This spread is attempting an ORH day. This is a bottoming formation. IBM is also putting in an ORH. PCLN jammed the shorts @ the ORL # 30 Yr. Bonds…expect more weakness under 133.16 A completion of this pattern can … Continue reading →

Gold

Posted on 02/05/2014

We have a potential double top in the Gold @ today’s high on the long term point & figure. Gold can be used as a surrogate to the Spu’s for short term trading. Risk On=Short Gold Risk Off=Long Gold

A.M. Look 2/5/14 …With GILD Trade Alert!

Posted on 02/05/2014

Stocks… GOOG…1120-22 is pivotal for GOOG and the entire board. Sustained and closing price action under 1120 will lead to another bout of Risk Off. That could easily lead to another 100 points down in Nasd. Nasd 100…needs a couple … Continue reading →

IBM

Posted on 02/04/2014

IBM…has finally run the qtrly sell stops below 172.50. The 7 FEB 175 Calls are trading @ 40 cents mid market. This looks to be a cheap way to have some upside into mid-week. This is a trade we caught … Continue reading →

GILD…Trade Alert!

Posted on 02/04/2014

It’s time to play the Gilead Lotto. Earnings are out after the close today. I’m looking at the 88 or 89 strike. This is an all or nothing trade. It’s either in the money after the close or you lose … Continue reading →

Midday Missive

Posted on 02/04/2014

Nikkei…13,900 becomes a big longer term hold level. Closes under 13,700 are price negative. Bottom fishers will be better served looking at the Oil patch. CVX,XOM aren’t breaking… COP has potential as long as it remains above 62.50. Spu’s…a rally … Continue reading →

A.M. Look 2/4/14

Posted on 02/04/2014

Stocks… Spu’s…can still print into the 1720’s and rebound. Price action early will dictate the day. MSFT…put in an ORL day. Sustained price action and a close below 36.30 will signal a deeper correction. First stop would be a test … Continue reading →

SPU/BONDS

Posted on 02/03/2014

Everybody is going to start pulling out #’s to pick a low in Equities. I want to see the Spu/Bonds trade at or below the their 200 day mvg avg before I try and pick a low. This is a … Continue reading →

Goldman Sachs

Posted on 02/03/2014