Pro Tips

Midday Missive

Posted on 08/21/2013

Today being a Full Moon event day, the markets are not going to stay here. I don’t have a strong conviction either way at this point. Here are a couple of clues for those of you who are day trading … Continue reading →

A.M. Look 8/21/13

Posted on 08/21/2013

Stocks.. NFLX…I have a near term 280 tgt. This level should prove to be descent resistance, causing this stock to back and fill. This is an exit zone the first time up.Nasd 100…needs a close over 31.05 to turn up. … Continue reading →

It’s all about the Miners

Posted on 08/20/2013

GDX…30.96 is resistance and the upside pivot for a test of 32.11. GDXJ…50.84 is the matching resistance level and the upside pivot. A close above this level is needed for a test of 55. NEM…34.20 is resistance and the upside … Continue reading →

A.M. Look 8/20/13

Posted on 08/20/2013

Stocks.. Nikkei… is rolling over on the weekly charts Spu…the daily charts formed a head & shoulders top last week that have investors looking to sell the big rallies. Bonds… 30 yr…is having an oversold bounce . The question now … Continue reading →

QID…Trade Alert!

Posted on 08/19/2013

Buy the Qid ( Double Short Nasdaq 100) on a 21.05 Stop On Close. Meaning we want to see a close over today’s high in the ETF and under 3075 in the Nasd 100 Futures. The stop on this ETF … Continue reading →

A.M. Look 8/19/13

Posted on 08/19/2013

Stocks.. Spu’s…Sustained price action over 1655.75 is needed for any upside to materialize. Nasd 100…technically looks more vulnerable if the rallies fail at  3090. Bonds… 30 yr. Bonds…129.11 +- a few ticks is where any shorts should look to cover … Continue reading →

Writing Schedule…Near Term View

Posted on 08/09/2013

I have a serious case of Traders Stare. This is a function of too much time in front of a screen and not enough time thinking about other things. “Head up Butt syndrome”…We all get it sooner of later. You … Continue reading →

A.M. Look 8/9/13

Posted on 08/09/2013

Stocks.. Equity indices are higher on the month but lower on the week. They look to me to be in a digestive mode. I prefer to let them digest without me. Bonds… 30 yr…we’re going to leave this gestate for … Continue reading →

Midday Missive

Posted on 08/08/2013

NEM…put in a terrific low today on a very long time frame chart. We’ll look to buy it tomorrow or on a small pullback against today’s low which is also a double bottom on a monthly chart. BHP…has broken out … Continue reading →

A.M. Look 8/8/13

Posted on 08/08/2013

Stocks.. U.S. Indces…yesterday’s Mid-Week low should hold the rest of the week. TSLA…145-146 becomes support. Bonds… FX… AUD/JPY….held support yesterday. This is in a corrective profit taking phase that could reach 88.70 AUD/CAD…95.05 is resistance and the closing upside pivot. … Continue reading →