Pro Tips

Midday Missive

SMH…index has a double bottom on the daily chart. OIL…97.80-98.00 is resistance with resting buy stops above. 30 yr.… admittedly i’ve been a little out of step with the turns. I like today’s low in the TBT and the high … Continue reading

A.M. Look 1/28/14

Stocks… Spu’s…I’m looking to buy around 1730 with a very tight stop. Presently, the Spu’s are holding point & figure support @ 1770. Yesterdays low was a normal standard deviation move for the Spu’s of 80 points. I’d like to … Continue reading

A.M. Look 1/27/14

Stocks… Spu’s…1800 is the qtrly pivot. Short term traders should be using this level for market tone. This is where you look for market follow through to the upside. A lot of technicians were eyeballing the low 1770’s as support. … Continue reading

Midday Missive

Markets are following the same script on a daily basis with selling of Equities into London’s close. DAX…9386 is weekly support. Nikkei & Midcap…are working on ORL weeks. 15,390 is the Nikkei # 132370 is the Midcap # GOOG…had a … Continue reading

TBT Jan 31 Call Closing Trade Alert!

Closing Trade..Mid mkt is around 47-48 Sell the calls Mid market time to cut our losses and reduce our exposure.

30 Yr. Bonds…TBT

30 yr. Bonds…reached our tgt level of 132.30. This was our preferred sell # It certainly didn’t print the level when I expected it to. I thought it would be yesterday not today. As of now the 30 yr. Futures … Continue reading

A.M. Look 1/24/14

Stocks… Spu’s…1800 is the downside support level. Bonds… 30 yr…133.15 is the upper end of our resistance area. TBT…70.40 would be a retest of the ORH qtr from 2013 when interest rates started to rise. This is a support area. … Continue reading

TBT…Trade Alert! with general Notes

I’m looking for a 132.30 print in the USAH At this point I’d look for it at the Chicago pit close @ 2 P.M. CDT or an hour later at the NYSE close. Qtrly sell stops in the TBT are … Continue reading

VIX

14.37 is resistance and the 200 day mvg avg. The resting buy stops are above 14.65 Use this for the tool it is, to match up with the ebbing of potential capital flows going into London’s close. Sell orders. Downside … Continue reading

Spu/Bonds