Pro Tips

OIL & TBT Order Update

Posted on 12/04/2013

Cancel the order to sell the Oil @ 97.80 Your sell order in the TBT should be filled @ 78.26

A.M. Look 12/4/13

Posted on 12/04/2013

Stocks.. IBB…sustaining under 220.60 can lead to a test of the gap up from 214.30.217.40 should elicit a bounce. My buy zone is 214-211 with a tight stop. SPU/BOND…is still maintaining above the 18 day mvg avg @ 13528. Only … Continue reading →

OXY…Crude Oil

Posted on 12/03/2013

OXY…just put in a daily double bottom @ 94.08. This is a good spot to get into this name with a 93.30 stop. Oil…WTI…95.55-63 is the next intra day level with buy stops above.

TBT…Trade Alert!

Posted on 12/03/2013

I feel the need to nibble. TBT is trading @ 77.42. BUY TBT @ the market. The stop is 76.80 intra day. This is a 5% position

A.M. Look 12/3/13

Posted on 12/03/2013

Stocks.. Spu’s…sustaining and closing under 1793.50 today could lead to a descent sell off. ( 96.52) SSO. TBT…78 should just about line up with the 131 level in the 30 Yr Futures. Closing over this level will confirm a new … Continue reading →

Midday Missive

Posted on 12/02/2013

MVV…Midcap is the value trade. Buy stops are over Friday’s high of 121.25. Investors are rotating into the Midcaps for value opportunities. Capital flow 101…You had the expected income averaging from the Mutual Funds after today’s opening which lasted app … Continue reading →

EUR/AUD

Posted on 12/02/2013

This cross reached our objective Friday of 150.34 and reversed. It presently shows a potential double top on a qtrly chart. By looking at the last months ORH pattern we know a retest to check the pattern breakout of 145.60 … Continue reading →

A.M. Look 12/2/13

Posted on 12/02/2013

Stocks.. AAPL…that’s a 6.8% rip in a week. If you bought the DEC 27 540 calls @ $5.60, as many of you said you did, you’ve now more than quadrupled you’re money with a $23.70 close. Money management time Sell … Continue reading →

30 yr. Bonds

Posted on 11/27/2013

Ok..Ok..I was a Dick for a few Ticks!!! Hate it when I do that. Aggravating!! We just achieved the one full point I was looking for off the level. This is an area to lock in profits. You need sustained … Continue reading →

Midday Missive…W/ Order Updates

Posted on 11/27/2013

Thanksgiving Thursday into Friday can provide for some nasty low volume reversals, however as stated yesterday, I think these will be muted this year due to the late holiday into month end. Markets typically go in the direction they are … Continue reading →