Pro Tips

A.M. Look 12/13/12

Gold…needs to hold right in here where we originally purchased it. Platinum…needs to maintain above 1600. We looked at platinum because it’s a risk indicator. Nasd…needs a close over 2700 for higher. It’s presently wallowing around the big mvg avg’s … Continue reading

Gold…Trade Alert!

Given the Spu/Bonds went to the trend line and the Yen went to the initial exit zone…+ the Gold stopped dead on resistance @ 1725, my worry is a Risk Off board, going into the latter part of the week … Continue reading

To the Risk Off Crowd

The game is the Yen …USD/JPY  trading at qtrly tgt’s. The #’s I’ve been writing about since the beginning of Nov. EUR/JPY…high is qtrly mvg avg resistance. A Risk Off board could see the Yen and the Yen crosses correct … Continue reading

IBM

193.14 is the ORL # Look to match this up with the low 1420’s in the Spu’s

Gold…DRT…Trade Alert!

DRT…”at your discretion” Trading for Free is good… We will be Selling 25% of our Longs before the Fed this A.M. to pay for the trade, whether we see 1725 or not. If the board goes Risk Off the Gold … Continue reading

Equity Indices / downside….Bonds/ Upside

Spu’s…1423-21 is the key closing level. Price action under this level the first time down should be suspect. In other words it needs to maintain and stay below this level for a deeper correction. Nasd…2663 is the corresponding level Midcap…100630 … Continue reading

EP_US_Daily_Continuation.gif…Spu/Bonds

We’re approaching the qtrly downtrend line in the spread. Again this shows Long Equities ( S&P 500 Futures) vs short 30 yr. Treasuries ( 30 yr. Bonds). This will be the chart of the day and the road map for … Continue reading

A.M. Look 12/12/12…w/Gold Trade Alert!

Spu’s…potential double top @ 1434.25. Look for this to move in 8-10 handle increments. EUR/JPY…108 is the weekly ORH #(this is a Friday closing level). Price action around this level should be monitored for Risk On/Risk Off paradigm. Higher prices … Continue reading

A.M. Look 12/11/12

Goog…there are weekly stops under 682 with 678 the first fib support. 665–670 is a higher probability level to look for a bounce. PCLN…619 was last qtr’s close. Below here we’re looking for the low 590’s. AAPL…nothing has changed. Closing … Continue reading

NGE_-_Natural_Gas_(Globex)_Weekly_Continuation.gif

By closing below 3.45 Natty will attempt the 3.19 level.