Pro Tips

A.M. Look 12/18/12

Posted on 12/18/2012

30 yr.Bonds…expire today. 146.05 was the Oct. low and close to our last short exit. closing under that level will keep the Bonds under pressure until year end. We’ll monitor the price action for a possible short in the 30 … Continue reading →

Big Cap Multi-Nationals

Posted on 12/17/2012

are running the show.. IBM…needs below 191 to wash out longs JPM..42.50 for weak longs…below 41 for the longer term players CAT…88 is first support, with 91 resistance the first time up. OXY…looks descent against 75.40 DIG & XLE…the upside … Continue reading →

Oil

Posted on 12/17/2012

January oil expires tomorrow…there is a +50 cent premium to FEB.(G) My A.M. Levels were Jan!!

A.M. Look 12/17/12

Posted on 12/17/2012

Gold…we’re still alive, however this will need to sustain and close over 1702 for higher. The stop remains… 1687 intra-day all session (GTC) good till canceled. Oil…the range is tightening. Price action below 86.30 will find new sellers, however we … Continue reading →

AAPL

Posted on 12/14/2012

This 500 level is big. This is where we find out which swing this is following. Is this a retrace from the 2011 low with a potential double bottom in here, or is this going to follow a 4 year … Continue reading →

Yen Futures…EUR/JPY

Posted on 12/14/2012

The Yen move is mature, meaning it’s moved 1000 pips since the end of Sept. 800-1000 points is a big std deviation move in the currencies. It’s very oversold and in need of a rest. Sustained price action over 119.92 … Continue reading →

A.M. Look 12/14/12

Posted on 12/14/2012

Currencies…we’re not touching anything until Monday, mid morning. Euro/Gold & Suisse/Gold…are hanging around the 200 day again. This will make trading the Gold difficult, so we’ll just leave our stop alone. The worst thing that happens is we make some … Continue reading →

EWZ_-_iShares_Brazil_Daily.gif

Posted on 12/13/2012

All the taking heads on Bloomberg we‘re enamored with Brazil this A.M. Closing below 53.73 will get the lemmings running in the other direction.

IUSDINR_-_Indian_(Rupee)_Index_Daily.gif…..Gold!!!!!!

Posted on 12/13/2012

This chart shows a big reversal in the Indian Rupee Whether this is just a technical bounce off the 200 & 50 day or something else remains to be seen. Since India is a big Gold consumer, a weakening Rupee … Continue reading →

Gold…Trade Alert!…Stop Update!

Posted on 12/13/2012

We reduced our cost avg by trading the second piece ,which we bought Friday, for a profit. The 1690.70 day session low was close to the lower end of the recent range 1693 is about where we originally stuck our … Continue reading →