Pro Tips

ICE_Brent_Crude_Weekly_Continuation

Posted on 07/10/2013

Oil Traders…108.52 is the 200 day in the Brent. This oil rally has been led by the WTI as the spread has come in significantly. As seen on the weekly, which matches up with the monthly, we’re at resistance. This … Continue reading →

A.M. Look 7/10/13

Posted on 07/10/2013

Stocks.. Spu’s…1657 is the next measured tgt. Bonds… 30 yr. Bonds…still need to sustain above 134.00 for any upside to materialize Bunds…143.15 is the first level to look for price rejection. FX… AUD/JPY…92.77 is the 200 day mvg avg.is resistance … Continue reading →

BLK…AAPL…ORH Pattern Alert

Posted on 07/09/2013

BLK…a close over 260.54 puts in an ORH pattern, however 261.75 is near term resistance. Closing over this level is positive. This should test 268-69 if the pattern sustains. AAPL…a close today over 421.25 puts in an ORH 427.30 is … Continue reading →

Euro

Posted on 07/09/2013

EURO…macro sell stops are under 127.50. 128.09 is today’s ORL #. Caution in looking for a lot of follow through to the downside, or taking the signal off the chart pattern, because the RSI’s are too low for our Risk … Continue reading →

Midday Missive

Posted on 07/09/2013

CAT…85.25 should prove to be big resistance. 30 yr….134.10-14 is the next resistance level for today. Bunds…are holding up over 142.00. 143.15 is our next tgt. As long as the interest rate Futures remain firm look for GOLD/EURO to continue … Continue reading →

A.M. Look 7/9/13

Posted on 07/09/2013

Stocks.. GLD…122.88-123.33 is resistance. Closing above this level will lead to a test of 125. AGQ…a close above 17 is needed for a try at 19. GDX…technicians will be looking for an upside breakout above 23.70 to hold and go … Continue reading →

Midday Missive

Posted on 07/08/2013

XLU…37.25 close will signal the worst is over for the Utilities. XLP…a close above 40.40 will lead to another up move. XLV…as long as healthcare closes higher on the week we remain friendly. XLI…43.31 is support. XLF…must remain above 19.82 … Continue reading →

A.M. Look 7/8/13

Posted on 07/08/2013

Stocks.. Spu’s…by maintaining higher on the week we’re looking for this to move in 30 point increments with 1657 the next tgt level. 1636-42 is short term resistance and not an area to buy strength into the first time up. … Continue reading →

Follow the 30 yr. Bonds

Posted on 07/05/2013

30 Yr. Futures…133.04 is today’s weekly ORL level. This level will dictate further price action. Recovery back over this level will be needed for any upside the rest of the day. Given the Bonds are getting oversold, any new shorting … Continue reading →

A.M. Look 7/5/13

Posted on 07/05/2013

Stocks.. Spu’s…a close over 1627 ish would generate higher tgt’s GOOG…maintaining above 879 should be considered price positive. YCS…as long as this ETF closes above 63.80 the uptrend is intact. 66.27 is closing resistance. Bonds… 30 yr. Bonds…by maintaining above … Continue reading →