Pro Tips

Midday Missive

We’re looking for low risk names where we can define our risk. IBM…I like last weeks bottoming action. A close over 186.80 is needed to confirm the low and buy the strength. GS…Goldman earnings come out before the opening tomorrow. … Continue reading

A.M. Look 10/16/13

Stocks.. Play in the names that are reporting today if you must trade. Mattel,BAC,American Express,Ebay IBM are some of the bigger names. Spu’s…need under the mid 1680’s to break down. Bonds FX… Commodities… Gold…needs above 1300 to mount a rally. … Continue reading

Midday Missive

P…Pandora breaks out to the upside with a close over 25.50. IBB..as long as this maintains a close over 201.30 this will remain one of our favorites. YHOO…Earnings out later today and this looks ripe for higher. DD…a close over … Continue reading

A.M. Look 10/15/13

Stocks.. GOOG…is good as long as it does not print 864 PIN…by maintaining over yesterday’s high, this tgt’s 18.46 next. FXI…38.90-39.02 is the next resistance area. Once above look for another dollar   EWW…maintaining above 66 gets this moving to … Continue reading

Today’s Working Orders…Position Update

Today’s Working Orders… Sell 1/2 AUD/USD @ 95.14. Sell 1/2 FXA @ 95.10. ETF traders were filled on selling 1/2 their FXA long. ETF traders should now raise the trailing stop on the remainder of your position to 92.20 Stop … Continue reading

A.M. Look 10/14/13

Stocks.. Nikkei & Dax are both hovering over the qtrly upside pivots. Rio…by maintaining over 48.90 this should test 51 Bonds FX…   USD/JPY…needs a close over 98.85 to start another leg down. AUD/USD…we think this is a win win … Continue reading

Late Day Missive

I’m not adding any risk going into the weekend. We’ll stand pat with the Aussie. Futures Traders can play Sunday night. Spu’s & Nasd Futures… holding and breaking out of the opening range to the upside Sunday can be played … Continue reading

A.M. Look 10/11/13

Stocks.. Spu’s…1676 becomes near support. Only price action under 1671 changes the pattern. Maintaining and closing over 1687 will lead to a test of 1705.1692.25 is the weekly ORH # Nasd 100…3251.25 is the weekly ORH# Nikkei…closing and maintaining over … Continue reading

Midday Missive

VIX is coming into support @ 16.90-1700. Spu’s…1676 is a 30 % retrace from this past down move. The S&P 500 needs a close over 1686 to turn up. Those of you who have a long portfolio should consider a … Continue reading

A.M. Look 10/10/13

Stocks.. Spu’s…are trading near resistance. 1665-66. Nasd 100…3175-81 is resistance. Bonds 30 yr…. is trading close to support. Only closing under 131.28 would have me take a second look FX… USD/JPY…98.20 (101.90 ish) is Yen support Commodities… OIL…resting sell stops … Continue reading