Pro Tips

30 Yr. Bonds

Posted on 07/24/2013

30 yr….133.30 can hold. The macro sell stops are 133.13. Follow the Bonds….they are leading the dollar higher and keeping the metals on the defensive. TBT… 1st resistance @ 75.60

A.M. Look 7/24/13

Posted on 07/24/2013

Stocks.. RIO…Rio Tinto is bottoming on a monthly chart. We’ll buy this on a break @ 44.60-70  given the opportunity before month end. PAAS…the chart pattern looks good as long as there is no close below 12.40 SLW…23.40 is the … Continue reading →

Midday Missive

Posted on 07/23/2013

SDS…will put in an ORH day with a close over 36.71 This is a pattern we are inclined to take given the RSI’s “Overbought Stocks” “Oversold SDS”. Spu’s…would need a matching close under 1683 to take the signal. The Pit … Continue reading →

A.M. Look 7/23/13

Posted on 07/23/2013

Stocks.. NFLX…237-238 is short term support the first time down. 270 was the high monthly close. NFLX needs to close over this level to confirm another leg up. Bonds… TBT…72.43 is the qtrly close. Like the 30 Yr. @ 135.27, … Continue reading →

Midday Missive

Posted on 07/22/2013

OIH…48.25-30 is the big macro closing resistance area. GOOG…897 is the closing pivot. As long as this remains above you can see a rally towards 950 going into month end IBM…looks cheap compared to a lot of the board. This … Continue reading →

A.M.Look 7/22/13

Posted on 07/22/2013

Stocks.. GDX…a close above 26.40 should lead to a test of 29.15 and ultimately 32 on this current swing. Bonds… 30 yr…as long as 135 holds on breaks look for the Bonds to move up in one point increments. Above … Continue reading →

A.M. Look 7/19/13

Posted on 07/19/2013

Stocks.. IBM…200 is monthly resistance matching the 200 & 50 day mvg avg’s. This is macro resistance requiring a couple of closes over this level for higher. Nasd 100…the close below 3065.50 puts in an ORL day. 3023 is the … Continue reading →

Soybeans Position Update…W/Oil

Posted on 07/18/2013

We’re stopped out of the Soybeans at break even (12.62). The Brent /WTI spread has been one of the biggest commodity trades over the past 2 years. Parity ( When they are both the same price) in the spread is … Continue reading →

A.M. look 7/17/13

Posted on 07/17/2013

Stocks.. Spu’s…have a potential double top @ 1680. A close under yesterday’s low would lead to a sell off. Bonds… 30 yr….are still trying to break out to the upside. The first test should be 135.27-136.00. As long as 134.20 … Continue reading →

Goldman Sachs

Posted on 07/16/2013

GS…161.16 is the daily ORL # It is possible for 160.11 to hold the first time down and reverse back up, however a close below 161.16 signal an end to this rally in the entire market. 157.90 could be the … Continue reading →