Pro Tips

A.M. Look 11/5/13

Stocks.. SSO…92.30 is support and the closing downside pivot. Spu’s…are presently stuck between 1750 and 1764 Bonds Bund…141.46 is daily support and the short term downside pivot FX… AUD/USD…needs a close over 95.50 for higher. EUR/AUD…weekly sell stops are @ … Continue reading

Midday Missive

USD/CAD…is retesting it’s chart break out from Oct 24th. Canada is a low risk sale with a manageable exit. USD/CAD would need a close under 103.75 (over app 96.36 Futures) to negate the sell pattern. As long as the Canadian … Continue reading

A.M. Look 11/4/13

Stocks.. TBT…closing over 76.60 will lead to another leg up. Spu’s…need to sustain above 1762-4 for higher. Spu/Bond…is trading at the level it broke from in 2007, the same level that precipitated the 90 point sell off last month. Bonds … Continue reading

Midday Missive….TBT…Filled

We’re filled on our Sell orders, taking profits on 3/4 of our long position. The rest of the trade is completely free. We’ll update a new trailing stop on Monday. Oil…technicians will be eyeballing 94.75-80 as support “the 50% retrace … Continue reading

TBT…Trade Alert!

Sell 25% of your Long position @ the market! Leave all resting orders working. TBT is trading @ 73.70

A.M. Look 11/1/13

Stocks.. TBT…we’ve lowered our sell order again. Any print in the 30 Yr. Futures today into the 133. teens ( 19,18,17) take some money off the table in this trade! Bonds 30 yr. Futures…the levels remain the same, 134.02 then … Continue reading

Midday Missive

Dollar strength is causing people to hit the sell button in PCLN. 1045 is mvg avg support. Closing below 1035 will lead to another leg down. EUR/JPY…price action below 133.52-58 is needed for the Euro to lead another leg down. … Continue reading

A.M. Look 10/31/13

Stocks.. Spu’s & Nasd both avoided ORL Patterns. I view this more as a function of the establishment, Long Only Crowd, painting the tape to keep the chart pattern alive. TBT…put in an ORH day with a close over 73.04. … Continue reading

Spu’s & Nasd 100 ….Pattern Alert!

Pit sessions….. SPU…sell stops and the ORL# is 1759.20 NASD 100…3369 All Sessions…. SPU… 1754.50 is the ORL. Nasd 100…3368.50 Closing below the All session #’s would put in an interim market top.

VIX…Trade Alert!

Sell 1/2 your Long Nov 14/16 call spread for 70 cents. VIX is trading close to the 200 day mvg avg @ 14.40. It’s a good place to try and reduce our exposure and lock in some money.