Pro Tips

USD/JPY….Spu’s

Multi-year macro stops lie @ 95.00 USD/JPY. Just under 105.32-26 futures. Everybody will be trading June Equity indices today. Once again…Not Us! We’ll continue to use (H) March for the signals into next week.

A.M. Look 3/7/13

Euro Stoxx…2700-2719 is short term resistance and the upside pivot. Spu/Bonds…the daily shows possible price rejection right here, however any sustained action above this level leads to the red line on the chart, which means the equity indices have a … Continue reading

Gold Calls…Trade Alert!

I’d prefer to be in for a little and not chase. The April 1600 calls are trading @ $11. Buy some of these calls today with the view you’d like to add on weakness before the end of day tomorrow.

Miners

AUY,NGD,NEM,ABX,PAAS, These names are all attempting the same Pattern as the GDX…ORH days. We still have a lot of time left. Money Never Sleeps….Gordon Gekko You’re seeing the buying of dollars coupled with profit taking in many high flying instruments. … Continue reading

Things to Watch

Yesterday we sent out the GDX chart. We showed the low risk buy level. A close today over 36.65 will put in a trad able low. Both Gold & Silver have held. Buy stops in the Gold are over 1587. … Continue reading

Euro

A.M. Look 3/1/13 Euro… short term stops are just below 130 which matches the monthly ORL# of 129.98 . There is room to 129-128.80 ish if the stops are elected, which is 1/2 way back from the July 2012 low. … Continue reading

A.M. Look 3/6/13

Welcome to the mid-week shuffle… GOOG…848-850 is the level to use for a contra trend trade. We’re looking at this level as a spot to match up with a high in the Spu’s for a reaction trade the first time … Continue reading

AAPL_-_Apple_Inc_Monthly.gif

The value trade appears to be shaping up as AAPL. 419-420 was the level and former gap we took off from in 2011. I’m looking for a test of 437 off the daily charts. A close over 442 would signal … Continue reading

A.M. Look 3/5/13

Spu/Bond…is trading once gain at a key mvg avg that broke the Spu’s 40 points the last time it failed at the avg..It’s not an inconsequential level. One again it will act as a big mkt pivot. 30 yr. Bonds…point … Continue reading

A.M. Look 3/4/13

Spu’s…need sustained and closing price action under 1500+-  “Friday’s Lows for lower” AUD/JPY…94.40-50 is the pivot and the weekly support. USD/CAD…103.50 seems to be the next closing barrier. macro stops are a figure away @ 104.50 AUD/USD…as long as there … Continue reading