Pro Tips

Silver…Trade Alert!

We’re going to go short Silver via Buying the 30.50 H puts for 31 cents.

Equity Indices…Pattern Alert!

SPU’s…1484.70 is today’s ORL# Nasd…..2705 Midcap…107760 Russell…89360 These are end of day ORL#’s Whether we put in a tradable top with a completion of this pattern or not, price action tomorrow below these levels will lead to some much needed … Continue reading

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Gold is now between the big mvg avg’s. Yesterday’s high was the 50 day ( the aqua line) The early low today is the 200 day ( the green line) Gold is clearly loosing it’s luster as investors wish a … Continue reading

A.M. Look 1/24/13

Nasd 100…2705 becomes the key hold and closing level for the rest of the week. 2728 is today’s resistance. The major lower retrace Fibs & Avg’s come in at 2665-55. AAPL…the 460’s is the first fib from the 2008 low. … Continue reading

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745 is an important level, a retest of the yearly high. Short term, price action back below 742 will lead to profit taking and new shorts entering the market trading against the 745 “2013 high”. Closing over 742 “Friday” will … Continue reading

30 Yr. Futures…TBT

In the futures, I am still looking for the 30 to get to 147.05 ish for a shorting opportunity. Mind, that if we get there, this will be a very limited look. Failure to reject the level will result in … Continue reading

ANR…Trade Alert!

Sell 30% @ the market! Let ‘s take some money off the table.

A.M. Look 1/23/13

EUR/JPY & AUD/JPY…last night’s lows both came down into mvg avg support which held. Closing under those lows will lead to a descent correction. For now it’s just some profit taking and noise coming out of Davos. USD/JPY…our futures levels … Continue reading

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Death Cross anybody? 54.83 is where the 50 and 200 day mvg avgs meet. Closing and maintaining above this level is price positive. This seems to be lining up with the 14.60 closing resistance in the March Beans.

GOOG

GOOG…696-697 is daily support. Putting on a position after earnings will be hazardous to your bottom line. “It will be after the fact, and you will be chasing direction” Punters…those that wish to bet on a miss should consider doing … Continue reading