Pro Tips

Spu/Bonds & Vix

You’ve got a potential double top in the Vix @ 16.55 after pattern follow through from yesterday’s ORH to the upside today.. Spu/Bonds @ the 50 day will be very pivotal. Price action here can prove violent. It’s a tough … Continue reading

Drumbeat of War

When trading becomes emotional and not fundamentally driven, instruments can go a lot farther than you think. Many fundamental traders have been taken out on stretchers to the poor house while mumbling that the markets should not have traded like … Continue reading

AAPL…PCLN…GOOG

APPL… 519 is resistance with 532.50 looking to be the weekly upside extreme. AAPL is overbought on the short term time frames. 504 was the upside tgt area we’d mentioned weeks ago, once initial resistance was overcome at the 200 … Continue reading

A.M. Look 8/27/13

Stocks.. Nasd 100…3085 needs to hold on a closing basis. JJG…49.90 is resistance with all new closing strength needed over 50.20 for more up. Bonds… 30 yr.…132.25 is resistance and should reject the first time up. 133.25-30 is the lowest … Continue reading

Midday Missive

The general market tone looks to be “Risk On” going into Month End. IBB is always a favorite and can be bought with a stop below Friday’s close, looking for a rally into the end of the week. OXY…88.80 is … Continue reading

AAPL…Trade Alert!

AAPL…we’d love to be able to buy Appl around 470, however this level does not look to be in the cards anytime soon. Buy AAPL with a stop just below today’s low looking for the mid 530’s.

A.M. Look 8/26/13

Stocks.. JJG…looks to test 47.90. Closing over 48.30 will start another leg up. TBT…78.78 is next fib support. The match it up with the 30 yr. levels. EWZ…sustaining and closing over 43.90 resistance, will lead to further gains. IYT…116.00 is … Continue reading

Silver

Midday Missive

Emerging market currencies… The Mexican Peso, Brazilian Real and the Indian Rupee are all extremely oversold. This leads us to their respective Stock etf’s which look to be good candidates for an oversold bounce as well. Pay attention to the … Continue reading

A.M. Look 8/22/13

Stocks.. Spu’s…1629-30 is short swing Fib support. Closing under this level will lead to a new dynamic, which we’ll address if we see price action under this level. Sustaining and closing over 1644 would confirm a temporary low, something we’ve … Continue reading