Pro Tips

A.M. Look 1/17/13

Posted on 01/17/2013

GS…by remaining over 139.20 this can seek 149 AAPL..511-515 is resistance with sustained action over 519 needed for higher. 498 is current support. AGQ…double long Silver has closed two days now over the 200 day. As long as this closes … Continue reading →

Gold…Trade Alert!

Posted on 01/16/2013

Buy the Gold with a “1674” stop. We’re looking for 1715 ish initially. ETF traders GLD…A close today over 163.17 should have you long looking for 165-166

A.M. Look 1/16/13

Posted on 01/16/2013

USD/JPY…is winding up for another move. If the chart pattern in AUD/JPY is true, ( ORL day) yesterday with follow through last night, this could be the start of a rebound in Yen Futures. The dollar point & figure is … Continue reading →

Metals & Miners….Food for Thought

Posted on 01/15/2013

The Gold and Silver are attempting to confirm higher. Some of the names might be much better plays (depending on your proclivities) via call spreads or direct long positions versus outright’s in the metals AGQ…double long Silver…the 200 day is … Continue reading →

ANR…Trade Alert!

Posted on 01/15/2013

This just double bottomed.. We still like this stock! Yes, we were stopped out however we are still friendly to this name. 9.29 is the 200 day mvg avg. Closing above this keeps it on a positive footing. Either buy … Continue reading →

TBT

Posted on 01/15/2013

From a purely technical look, those wishing to be short the Bonds via Long the TBT double short ETF,  can buy this for a short term trade against 63.65. This has to maintain above this level, moreover you would not wish … Continue reading →

A.M. Look 1/15/13

Posted on 01/15/2013

Yen Futures…113.45 (app 88.14 USD/JPY) is the first minor resistance. EUR/JPY…stops are below 117.59. 116.85 should be a level for a bounce the first time down. AUD/JPY…put in a new high by 2 ticks last night and is now in … Continue reading →

Price Action

Posted on 01/14/2013

Oil…closing below 92.65 puts the entire board in a defensive mode. Equity Indices…you’re seeing no help from the financials after reaching their upside tgt’s. The rest of the day will be a time frame trade. We’ve seen this type of … Continue reading →

A.M. Look 1/14/13

Posted on 01/14/2013

Euro…is doing a 2 year swing. We expect to see 135. EUR/JPY…resistance is 120.60 AUD/JPY…. As long is it remains higher on the year, this cross remains an attractive buy on any descent pullback. Oil…as long as Oil remains above … Continue reading →

A.M. Look 1/11/13

Posted on 01/11/2013

Spu’s…are back to last years high. Only a close in the equity indices under yesterday’s low would cause liquidation. By remaining firm after 12:30 CST we would expect another late day melt up into the close. Oil…92.75 is the weekly … Continue reading →