Pro Tips

A.M. look 12/5/12

Spu’s…need all new strength over 1414 or all new weakness under 1400. EUR/JPY ….106.91 is the key closing hold level. Euro…130.45 is the key closing hold level. Oil..89.00 will be early resistance. Sustaining above 89.50 will be the first sign … Continue reading

Matching up the next possible low

Goog…678-81 is the next support. Then look for it to travel in $10 increments. AAPL…563 +- a couple is the next level. BKX…it’s presently sitting on a 50% fib for this last swing ( 47.80 ish), which is a must … Continue reading

Gold…Trade Alert!

Ok, the rinse cycle is on. We’ll BUY a 30% position @ 1666 (G) FEB. This is just above the 200 day mvg avg. We’re looking for a bounce off the level and will play it with a very tight … Continue reading

A.M. Look 12/4/12

Spu’s…price action back above 1414 will trap the new shorts from yesterday. Nasd 100 is holding around it’s 200 day. This needs some price separation from this zone for new direction. Gold…has filled out it’s downside on the long term … Continue reading

ORL…Pattern Alert!!

Spu’s…closing under1409.75 would once again be price negative. Nasd…the level here is 2267.25 which is also the 200 day Mvg avg.                                

CQG_IC_Chart_EP_US_Daily_Continuation.gif… SPU/BONDS

Spu/Bonds are hanging around the 200 day. 150.15 is a level in the Dec (Z) 30 yr. that does not go away. App 149.02 (H) today. Be mindful of early NYC trading going into late London (8:30-10:30 CDT) for directional … Continue reading

A.M. Look 12/3/12

Equity Indices…No change from last week. We expect to see some early positive flows (buying). This means the day will be a time frame trade and we’ll remain vigilant for changes in capital flows. Copper…365-8 is the resistance area, only … Continue reading

A.M. Look 11/30/12

USD/INR…Indian (Rupee) is putting in an ORL week, meaning the Rupee is bottoming and now starting to gain strength. I’m mentioning this because India is traditionally one of the largest buyers of precious metals for personal consumption. A strong Rupee … Continue reading

A.M. Look 11/29/12

Spu’s,Nasd,Russell,& Midcap…all put in ORH days. Resistance… Spu’s…1427-32 Nasd…2700-15 Russell…815-19 Gold, Silver, Platinum & Copper…Yesterdays lows were all good. They held their general support zones Oil…is still trading in a five dollar range and held the bottom of the range … Continue reading

SP_-_S&P_500_(Pit)_Daily_Continuation.gif

Everybody will be looking at the wrong chart today. The Pit only chart, which is a chart from the NYSE U.S. session will be the key. 1394 will be pivotal early. By not trading this price shortly after the 8:30 … Continue reading