Pro Tips

A.M. Look 7/3/13

Posted on 07/03/2013

Stocks.. Spu’s…a close under 1590 would be negative. Nasd 100…a close below 2888 would be negative. Bonds… 30 yr. Bonds…by maintaining above 135.00 this has the potential to reach 137.20-24. TLT…needs to maintain above yesterday’s low. Price action above 110.80 … Continue reading →

A.M. Look 7/2/13

Posted on 07/01/2013

Stocks.. VNM…needs to maintain above 18.90 and close over 19.15 for higher. FXI…needs a close over 32.90 for bottoming action. EWZ…needs a close over 44.50 for bottoming action. EPI…could get as high as 16.95 Nikkei..14,150 is weekly resistance. 13,900 is … Continue reading →

Midday Missive

Posted on 07/01/2013

GLD ETF…expect price rejection anywhere close to 122.88 the first time up.( App 1275 August “Q” Gold. Do not try to buy strength into this level. This instruments is buy on dips, not on strength. A close over 123.91 would … Continue reading →

A.M. look 7/1/13

Posted on 07/01/2013

Stocks.. Spu’s…are stuck. A new signal will be generated if we close over 1615 or under 1590. GDX… 25.17-44  is first daily resistance. GDXJ…38.48 is resistance followed by 40. No you’re not seeing things! This closed at 9.16 on Friday. … Continue reading →

Gold…The Answer is yes!

Posted on 06/27/2013

Everybody keeps asking me the same question. Yes! I am watching it. Today some Wall street firms put out a buy on the Miners and Gold. That was 40 dollars higher and yes I’m looking for a Short Term blow … Continue reading →

Midday Missive

Posted on 06/27/2013

Natgas…is looking unhealthy. This is attempting an ORL day. What is most bearish about the formation is the sustained price action under the 200 day mvg avg @ 3.656. 3.71 becomes my macro upside pivot. We’re looking for this to … Continue reading →

A.M. Look 6/27/13

Posted on 06/27/2013

Stocks.. Spu’s…resistance starts around 1619 with the mid to high 20’s possible over the next 2 days on an overshoot.. Bonds… 30 Yr….has been holding the breaks. Look for full point moves. 136.00 +- a few is first resistance. 134.00 … Continue reading →

Gold…Miners…Equity Indices

Posted on 06/26/2013

Gold has shown lots of volatility. June (M) Gold expires today. July (N) is now the front month. While there is not any trade location I can sink my teeth into in the Futures, I like the metals ETF’s as … Continue reading →

A.M. Look 6/26/13

Posted on 06/26/2013

Stocks.. Lots of markets are oversold and are experiencing mid week bounces. Brazil ( EWZ) being one of many. Spu’s…1592.25 was April’s close. This will become a pivotal war zone over the next 2 days. Bonds… No change FX… Euro…129.90-130 … Continue reading →

Midday Missive

Posted on 06/25/2013

The Transports are attempting a hold. A rally to 110 would not be surprising over the next 2 days. The whole board is trading off the 30 Yr. Bond Futures. A new low in today’s day session would be suspect. … Continue reading →