Pro Tips

Midday Missive

Nasd 100…3100 should bounce the first time down., however the bigger game will be played out @ 3076.50 which is the Monthly ORL#. SPU’s…1530-32 is the Monthly ORL# and the first downside tgt CB…Chubb Ins, a relatively low risk name, … Continue reading

A.M. Look 10/9/13

Stocks.. Bonds FX GBP/USD….are testing the 159.40 pivot level. They either bottom right in here or break another 200 points. USD/CHF…is putting in an ORH day. The Swiss Franc is breaking back to the downside, which is reflective of less … Continue reading

AUD/USD…Midday Missive

We’re not getting any love from this position. The only thing that has me wanting to keep this is the major puke in all the momentum stocks. VIX…22 is next resistance and tgt. Above that you’re looking at 28. The … Continue reading

USD/JPY…AUD/USD…Further Thoughts

97.47 ( App 102.59 Futures) is today’s OR # Running the stops through this level will lead to a test of 97.85 (102.19 Futures). With a little help from the Equity Indices we can hopefully get filled selling 1/2 our … Continue reading

A.M. Look 10/8/13

Stocks.. Spu/Bonds…is sitting on the 18 week mvg average.This is a big go or no go level!  The last time we touched this line was April 8th and it held for a very big move in the spread. In April … Continue reading

A.M. Look 10/7/13

Stocks.. Looks like most of the world has deemed Congress irrelevant, however the emerging markets look open for business. RSX (Russia), VNM (Vietnam),PIN (India) all have great chart weekly patterns. OIH & XLE are the two etf’s to keep on … Continue reading

AUD/USD…Opening Trade Alert!

AUD/USD…is still firm on the crosses and looks poised for higher with any type of Risk On board. FXA… as long as this closes above 93.80 look for a move toward 98.Aussie is higher on the qtr and presently looks … Continue reading

A.M. Look 10/4/13

Stocks.. Bonds FX… AUD/USD….94.59 is the ORH weekly # GBP/JPY…shows a monthly double top working on an ORL week to the downside. USD/JPY…96.63 is the 200 day today (app 103.48 Futures) Commodities…   Oil…104.70 resistance. Look for price rejection the … Continue reading

Midday Missive

We were stopped out of the remainder of the AUD/JPY @ 91.00 with a 90.91 low. I chose the correct stop yesterday. Serves me right for micro managing. I still like the idea of the trade. I’m friendly to the … Continue reading

A.M. Look 10/3/13

Stocks.. Spu’s…are caught between 1673-1692 waiting for our fearless leaders to do their jobs! Bonds FX… AUD/JPY & EUR/JPY….are both up at short term resistance. AUD/USD…needs a good close over 94.25 to lead the AUD/JPY cross. Commodities… Precious metals…investors trading … Continue reading