Pro Tips

Copper_(Globex)_Daily_Continuation.gif

Posted on 02/22/2013

Copper is currently trading below the 200 day, however 350-1 will be over extended and very problematic for shorts the first time down.

Silver…Trade Alert!

Posted on 02/22/2013

Punt of the week…Looking for the last flush? The (H) March puts expire Monday. The 28.25 Puts are trading for 13 cents

A.M. Look 2/22/13

Posted on 02/22/2013

ORL Weekly levels … Spu…1510 DJI…13,906 Nasd…2753…. Russell… 90750 Midcap 400…11,022 Platinum…1600 is support and fib matches. 1640 is near mvg avg resistance. 1654 is fib resistance. Watch for market tone. This is a risk indicator. Silver…march options expire Monday. … Continue reading →

Kold…Natgas…Trade Alert!

Posted on 02/21/2013

We want to be short the natty against today’s high. Since the majority of you are not able to manage a Futures short in the widow maker, we ‘re going to BUY the KOLD ETF on a 26.08 stop on … Continue reading →

Crude_Light_(Globex)_Weekly_Continuation.gif

Posted on 02/21/2013

For the Risk off crowd….I like buying the Crude for a scalp off this 93-92.75 area with a very VERY tight stop, against short Risk assets. Professional Day Traders should look for 80 points is the level holds. 93.92 will … Continue reading →

Copper Monthly Continuation

Posted on 02/21/2013

This is the chart that can screw the most amount of players. It is a Risk Indicator. Copper is currently hovering right on the 200 day mvg avg. @ 355.35. Recovery back over 360, which is the monthly reversal #, … Continue reading →

A.M. Look 2/21/13

Posted on 02/21/2013

EUR/JPY…122.36 is first support, once below look for another 2 figures. AUD/JPY…9500 is first support with minor weekly sell stops 2 @ 95.15. Once below, look for another figure. EURO…133.15-25 is macro resistance. 130.88 is weekly support EUR/AUD…128.48 is weekly … Continue reading →

Risk Off….Trade Alert!

Posted on 02/20/2013

We will honor the chart patterns in the Currency Crosses and the Midcap 400. We’ll start a short position… BUY SDS  MOC  ( Market On Close)

Yen Crosses

Posted on 02/20/2013

AUD/JPY…is into mvg avg support @ 9600 + a few. A close below 96.45 puts in an ORL. 96.39-45 becomes a big pivot. EUR/JPY…124.53 is the ORL #. Short term stops have been elected, however a good close below this … Continue reading →

Time Frame Trading

Posted on 02/20/2013

Both the  Gold & Silver have hit medium term support going into London’s close. The board is in retrace mode that we had expected to see Friday into Tuesday. Every instrument is doing it’s own thing retrace wise.. The key … Continue reading →