Pro Tips

Midday Missive… W/Trade Alert SSO

Posted on 11/08/2013

The high frequency boys had the data a full minute before the rest of the world. So what else is new? A trad able low seems to have been put in the Equity Indices. Spu’s… sustaining and closing above 1748-50 … Continue reading →

A.M. Look 11/8/13

Posted on 11/08/2013

Stocks.. Nasd 100…shows a head & shoulders top formation on both the daily and weekly chart. 3250’s is the first place to look for a bounce. Recovery and a close over 3358 would have me thinking this was a one … Continue reading →

Price Action

Posted on 11/07/2013

Spu’s elected the first set of sell stops and went nowhere. SSO…91.70 is the low risk buy zone today. If the market is good you won’t see the level. A close over 93.10 is constructive. TBT…I like the 74.75 low. … Continue reading →

Midday Missive

Posted on 11/07/2013

Spu’s…sell stops are @ 1755.75 today’s ORL#. The weekly # is 1747. There is presently a double top on the point & figure EURO…the low is in for a while. 132.90 is the 50% retrace for the past two years. … Continue reading →

A.M. Look 11/7/13

Posted on 11/07/2013

Stocks.. Bonds 30 yr. Futures….the path of least resistance looks to be back up again to the133.16-22 level. Bunds…show a daily double bottom @ 141.05. below they can go to 140.80,above 141.60 FX…   Commodities… General Comments orValuable Insight This … Continue reading →

A.M. Look 11/6/13

Posted on 11/06/2013

Stocks.. BRKA…171,475 is Berkshire A will be a bellwether tell for the broader market. Price action below could easily have this slide to 169,500. The must buy # the first time down is 165,350. While I doubt we’ll see that … Continue reading →

TBT…30 yr. Bonds

Posted on 11/05/2013

Cancel the working order to Sell TBT @ 76.45 I’m still bearish Bonds but nobody ever went broke taking a nice profit.

TBT…Closing Trade Alert!

Posted on 11/05/2013

Sell the TBT @ the market. We’re currently trading 75.44

VIX…Closing Trade Alert!

Posted on 11/05/2013

We’ve been running a small position in the Nov 14/16 VIX call spread. Time is running out on this expiration. Although I’m still inclined to have some downside portfolio insurance running through unemployment, we’ll take this opportunity to try and … Continue reading →

Midday Missive

Posted on 11/05/2013

30 yr. Bonds…133.00 +- a couple is the cover zone the first time down for shorts. This is the weekly support level. Closing under this area leads to another swing up in rates (down In Futures). TBT…75.54 looks to match … Continue reading →