Pro Tips

OIL…Position Update

We were stopped out @ break -even. Traders ( that want to give it a go) can buy this back with a stop under today’s lows.

TBT

Slightly above 62 is the place to look for a bounce. The risk is a close or sustained price action under 61.50. This should somewhat line up with a 148 print in the 30 Yr. Futures. General price action… We’ve … Continue reading

A.M. Look 12/21/12

Title…It happened one night  or  Boner gets Boned!!! It’s the Rocky & Bullwinkle show. That was the type of price action in the E-Mini’s have not seen since the Flash crash, although this one was only a mini…50 handles, they … Continue reading

CPE_-_Copper_(Globex)_Daily_Continuation.gif

Copper…has had a pretty big and fast sell off. It’s into Fib support @ 351.75. It would need to close and sustain below this level for more weakness. I am not advocating doing anything…Just watch for mkt tone.

CAT_-_Caterpillar_Inc_Daily.gif

This is a pretty good blow off pattern in Cat. This should find some support between 87-88

A.M. look 12/20/12…W/Trade Alert!

Oil…91.45– 92 is the next significant resistance area. 30 yr. Bonds…we are going to sell the Bonds “which = buying TBT” with a tight stop…at the 147.14-20 level. We want to start small with a 25% position. Euro…held macro pivots … Continue reading

EWZ…Brazil

Brazil…is playing catch up. This put in an ORH day yesterday. there are resting stops over 55.52. Although this is short term overbought, the long term maps look good for a move toward 60. Strategy…It would be nice to put … Continue reading

OIL… Trade Alert price adjustment!

Cancel the order to buy FEB Crude @ 88 Buy @ 87.70 The whole board seems to have gotten ahead of itself.. Let’s be patient. We want this on our terms.

A.M. Look 12/19/12…W/ Oil Trade Alert!

Euro…as long as the Euro stays over 131.30 close it will stay firm with a tgt around 135. Yen…as long as the Yen futures do not close above 119.80 it has a destiny with lower prices. Oil…we’ll look to add … Continue reading

OIL…Trade Alert!

We’re going to start a small long Oil position. Buy a 25% position. We’re using a one dollar closing stop.