Pro Tips

USDJPY_-_Japan_(Yen)_Index_Point_&_Figure_100x3_Ticks.gif

Posted on 01/22/2013

Last nights high in the Yen Futures was a retest of the last Point & Figure breakout in USD/JPY. 111.62 was the reversal high from yesterday. Be very patient with how you trade the Yen. We’ve had another big relief … Continue reading →

A.M. Look 1/22/13

Posted on 01/22/2013

Oil…Feb. expires today. March is the Month you should be following. Natgas…Feb. expires next Tuesday. 3.71-3.76 is resistance in either month. Soybeans…closing and maintaining over 14.60 will lead to a test of just over 15. USD/JPY…we were looking for 90+ … Continue reading →

INTC_-_Intel_Corporation_Weekly.gif

Posted on 01/18/2013

21.02 is the weekly ORL # Resting stops below this level could lead to 20.90 where it should run into trouble following thru to the downside

Platinum…Risk Indicator?

Posted on 01/18/2013

Platinum has led the entire Risk rally just as it did in the beginning of 2012. Expect some more Dollar strength over the next 30 minutes to an hour. If this price action follows through this afternoon we will be … Continue reading →

Euro

Posted on 01/18/2013

Stops lie just under 132.70. Recovery over 133.56 will have the Bulls back in control. 132.20-00 is support. Shorting the Euro is the wrong way on the major crosses. This simply means that selling strength, not weakness, is the better … Continue reading →

A.M. Look 1/18/13

Posted on 01/18/2013

Gold…1700 followed by 1715 are the next resistance levels. Gold has to stay above 1681. Silver…32.40 ish is the next resistance zone. 30 yr. Bonds…145.31 is first resistance. 146.23 is the closing # the bonds have to stay above to … Continue reading →

FXI

Posted on 01/17/2013

Punt of the Month… China economic data comes out tonight.  You’ll either be a “Hero or Zero” Buy the Jan 42 calls for expiration tomorrow which are around 5 cents or Buy the Jan 42’s that expire the 25th for … Continue reading →

Gold…Pattern Alert

Posted on 01/17/2013

The Gold is trying to put in the pattern it couldn’t complete yesterday which was an ORH in the GLD ETF as well as the futures. 1691 is the short swing Fib resistance the first time up.

Spu…S&P 500 Futures

Posted on 01/17/2013

1474.50 was last years high. Day traders looking for a short should use a stop over the Globex high of 1476

Gold…Stop

Posted on 01/17/2013

I’m getting a lot of questions on the Stop. It was written as a closing stop ( meaning it has to close below 1674 to be elected) That’s always a 2 edged sword. Many of you used the stop intraday. … Continue reading →