Pro Tips

Euro…EUR/JPY

135.20 + a few lines up with the high weekly close in EUR/JPY @ 126.69 All new strength in the cross is needed over this level for higher

A.M. Look 2/13/13

Oil…buy stops are 98.25. With inventories today you could see these elected. Look for this to move in 80 cent increments. 30 yr….are at the lower end of the recent trading range with the daily ranges close to a point. … Continue reading

Silver Puts…Trade Alert!

We’ve stayed too long at the fair! Let’s not turn a winner into nothing. They look to be trading around 23. Sell 80% of the remaining position at your discretion. We’re not going to fight the 200 day again, nor … Continue reading

IBM_-_Intl_Business_Machines_Daily.gif…Yen Comments

Stops are under 198.68. Major support the first time down is 196.65-85 Yen…108.10 Futures is resistance and the upside pivot (App 92.40-60 USD/JPY)

S&P 500 Trade Alert!

We’re BUYING the 1510/1500  Feb Put Spread that expires Friday. The cost is app $2.25

A.M. Look 2/12/13

USD/JPY…point & Figure shows a double top ( Bottom in Futures) @ 94.40. Our downside tgt of 106.20 futures/ 94.16 USD/JPY has been reached. 105.32 Futures is the next level of interest. EUR/AUD…as long as this remains over 130.40 this … Continue reading

BAC…Trade Alert!

We’re Buying the April 12/13 “Call “spread ! 12.00 BAC\13D20\12.0 0.54 0.04 0.54 0.55 993 93,442 13.00 BAC\13D20\13.0 0.21 0.01 0.21 0.22 665 43,702 This means we’re buying the 12 calls @ app 54 and Selling the 13 calls @ … Continue reading

Nasd 100…Trade Alert!

We are closing this trade. Sell the futures at the market! I’ve never been much of a fan of chasing a market. The game is still in the individual names.

30 Yr. Bonds & Gold

30 yr. held initial support @ 143.09. daily & weekly maps show 144.09-11 will be resistance and a key closing area for higher. This will be an important driver of the SPU/Bond spread today. Gold…we’ve put in the very long … Continue reading

A.M. Look 2/11/13

EUR/AUD…needs a close over 130.60 for higher. AUD/USD…102.56 is last weeks low, with recovery over 103.11 ( 200 mvg avg needed for higher) 102-102.30 is a multi year pivot zone. GBP/USD…having failed near the 200 day mvg avg, closing under … Continue reading