Pro Tips

AUD/JPY…Stop

Posted on 10/02/2013

Use a 90.85 stop. I don’t want to leave the long open ended without some Risk parameter.

AUD/JPY…Follow Up

Posted on 10/02/2013

I like the high for now in the Yen Futures. The cross didn’t get as low as I’d like. As long as the Spu’s hold up above 1677 this should hang in. The real sell stop is below 90.40. I’m … Continue reading →

AUD/JPY…Trade Alert!

Posted on 10/02/2013

AUD/JPY is trading @ 91.18 We’re Buying AUD/JPY @ the market.

Midday Missive…With/ Trade Alert!

Posted on 10/02/2013

Short term traders…1675.25 is the daily ORL # in the Spu’s. The market is definitely aware of the level. Not only is it the qtrly close but when you add in an ORL to boot it becomes a major inflection … Continue reading →

A.M. Look 10/2/13

Posted on 10/02/2013

Stocks… EWG…needs to maintain and close above 28.03 by the end of the week for higher. EWP…closing and maintaining over 35.50 is the upside breakout for Spain. As long as this ETF holds 34.75 things are looking up. EWZ…47.95 is … Continue reading →

A.M. look 10/1/13

Posted on 10/01/2013

Stocks.. Spu’s…1692 is first resistance. Bonds 30 yr….131.28-05 is the bigger support leveland the downside pivot. FX… AUD/JPY…92.60 is resistance EUR/JPY…132.10 has to hold on a closing basis to remain firm. GBP/JPY & CAD/JPY are both sitting on support. EUR/AUD…is … Continue reading →

Midday Missive

Posted on 09/30/2013

Soybeans…macro sell stops are 12.71. It’s doubtful you’d see any price action under 12.40-50, which is qtrly support. Closing under that level later in the week would be Bearish. The Beans are putting in an ORL qtr with a close … Continue reading →

A.M. Look 9/30/13

Posted on 09/30/2013

Stocks.. Spu’s…1664.50 is Fib support. Closing below this level will lead to a deeper correction. Weekly sell stops rest @ 1653.50. Spu/Bonds…is trading again under the 50 day, which will make me very patient to put on Risk. VIX…There are … Continue reading →

Midday Missive

Posted on 09/27/2013

VIX…15.16 is closing resistance. The low of the day was close to the 200 day again. Day traders should be using the the Vix for the tool that it is. At resistance you should be taking profits on shorts or … Continue reading →

A.M. Look 9/27/13

Posted on 09/27/2013

Stocks.. Spu‘s…1682.50-1683.50 is support and the downside pivot. Nasd 100…needs a close over 3240 for higher. DAX…8665-80 will be the pivot Bonds30 yr. Bonds…132.15 -18 is the support zone.Bund…by holding above 140 this has the potential for another 200 hundred … Continue reading →