Pro Tips

A.M. Look 1/23/14

Posted on 01/23/2014

Stocks… DPM…Midstream Partners has some upside potential as long as it holds today above 49.30-40 the 200 day mvg avg. Spu’s…the all session chart shows a possible ORL patten with a close below 1833. Spu’s would need to sustain under … Continue reading →

A.M. Look 1/22/14

Posted on 01/22/2014

Stocks… PCLN…remains in it’s own insulated world. By maintaining above 1198 close, this has much higher tgt’s. The 1230’s would be a chip shot near term tgt.The monthly chart shows that this momentum name, which doubled last year, can only … Continue reading →

ORL Pattern Explanation

Posted on 01/21/2014

Today into tomorrow is when I’m looking for market direction to be confirmed. Will the Equity Indices hold up or go into profit taking mode? Spu/Bond spread is Long Equities ( S&P 500 Index/Short 30 yr. Treasuries) This helps us … Continue reading →

Pattern Alert Spu’s

Posted on 01/21/2014

SPU/BONDS,SSO & Spu’s are all flirting with their respective ORL #’s. This means it will be another late day trade to see if the bears can gain any traction. I personally doubt it. GS…traded down to the 50 day mvg … Continue reading →

Midday Missive

Posted on 01/21/2014

UNH…United Healthcare is a cheap look against today’s low. This is good as long as there is no close below 72.30. Options traders should be eyeballing the Jan 31 74 calls if you can get them on a break around … Continue reading →

A.M. Look 1/21/14

Posted on 01/21/2014

Stocks… Spu’s…the long term point & figure shows we still need to sustain higher on the year for new upside tgt’s. EWP…39.76 is support and the downside pivot. BRKA…17,100 is the 200 day mvg avg and support.   Nikkei…put in … Continue reading →

A.M. Look 1/10/14

Posted on 01/10/2014

I will be out of office next week taking a much needed hiatus.  There will be no updates next week.  I will be going totally off grid. It’s time to recharge. Stocks…  Spu’s…we’ll take a look after the dust settles  … Continue reading →

A.M. Look 1/9/14

Posted on 01/09/2014

Stocks…   Spu’s…closing 2 days higher on the year should set up another 40 point move to the upside. Bonds… Bunds…140.05 is resistance and the upside closing pivot. FX…   USD/JPY…is currently caught in the middle. price action under 104.50 … Continue reading →

Midday Missive

Posted on 01/08/2014

Stocks to watch.. WPRT…21.10 is a low risk buy zone with a 40 cent stop. EA…a Friday close over 23.27 puts in an ORH week. MSFT…short term sell stops are resting under 35.50-25. If elected, this would take you into … Continue reading →

A.M. Look 1/8/14

Posted on 01/08/2014

Stocks…   TRIP…TripAdvisoris attempting in an ORH week with a close over 82.90.  The first tgt. is 90.50, last years high. 83.85 is a low risk buy. PG…Proctor & Gamble might not be a momo stock but it doesn’t look … Continue reading →