Pro Tips

YCS…Trade Alert!

Posted on 06/13/2013

ETF Traders..BUY the YCS double short yen on the opening. FX…we gave you the level this A.M… this is another classic opening range trade in Chicago. Let’s see what we get.

Contract Months…Spreads…Rollover

Posted on 06/13/2013

The Equity Indices are all in Sept today. I am still writing June levels. Don’t get confused. There is a 6 dollar discount to the Sept. S&P 500 Futures. Nasd 100 is a 5 dollar discount to Sept. Many of … Continue reading →

A.M. Look 6/13/13

Posted on 06/13/2013

Stocks.. Spu’s…1565 is the over run level I’m looking for to buy. SPY…158.60 followed by 155.60 SDS…has to close Friday over 41.50 to show a good low has been put in. Nikkei…12,500 held DAX…8000 held Bonds… Bunds…143.75 is resistance and … Continue reading →

FX Crowd….EUR/AUD

Posted on 06/12/2013

EUR/AUD has put in a great early low. This has been another IMM ( CME) pit session opening range trade. The Euro was bought and the Aussie sold right out of the gate. Short term traders should look to get … Continue reading →

A.M. Look 6/12/13

Posted on 06/12/2013

Stocks.. Nikkei…is putting in a bottoming formation with an inverted head & shoulders on the daily charts. Last nights low of 12,990 has to hold for this pattern to be correct. Bonds… 30 Yr….can rally to 141.08 ( Sept.) and … Continue reading →

A.M. Look 6/11/13

Posted on 06/11/2013

Stocks.. Spu’s…1626 is where they held on Friday. There will be stops below. Bonds… 30 yr. Bonds…could break another point. We’ve been out of our shorts for 2 points and we’re reticent to sell weakness. FX… AUD/JPY…90.06 is the tgt. … Continue reading →

A.M. Look 6/10/13

Posted on 06/10/2013

Stocks.. GOOG…closing over 884 will keep this firm AAPL… closing over 445 will be positive. BAC…13.50 is the closing upside pivot. Spu’s…needs back under 1632-33 for further set backs. Maintaining and closing over 1645 is price positive. SPY…maintaining and closing … Continue reading →

A.M. Look 6/7/13

Posted on 06/07/2013

Gold & Silver…I have no good ideas or a game plan. Spu’s…1634-36 is 1st resistance & tgt. 1645 on an initial rally off the number should cap an overshoot. SSO…79.85 & 8085 are the corresponding levels. TBT at 64.40-20 with … Continue reading →

Midday Missive

Posted on 06/06/2013

DXJ has just completed a 50% retrace from the past 2 years in 30 minutes. Closing under 41.55 would lead to another couple of dollars. USD/JPY triggered monthly stops below 97 USD/JPY It’s surprised me!! This has been attributed to … Continue reading →

USD/JPY

Posted on 06/06/2013

97.50 is the Tgt is Yen The Futures just over ran the # 0f 102.50 95.40 USD/JPY is next….104.82 in the Futures