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Pro Tips
Price Action…ORH’s
Spu’s…maintaining over 1358.20 ( the daily ORH) should initially lead to 1364-67. Nasd 100…needs a close over 2541 for an ORH AAPL…We’re Long the call spread. If you didn’t start…do some now.
A.M. Look 11/16/12
GOOG… 633 ish +- 5 points needs to hold on a break. Most analysts will be watching 638-40 but I want some leeway. AAPL…495-505 is the area we’re going to BUY the Feb 550/575 call spread. We’re going out to … Continue reading
AAPL
533.72 was last weeks low in AAPL Yes, it seems oversold, however our tgt levels have not been hit. Sustaining over 534 will see some bottom fishing. For now, we’ll be patient and wait for the tgt.
A.M. Look 11/15/12
EUR/JPY…103.46 is the weekly ORH level that this cross needs to maintain above for further Yen weakness from this level. Spu’s…1364 & NASD 2540 are the short resistance levels. Price recovery over these areas are needed for any kind of … Continue reading
GDX…Miners
The miners are retesting their last breakout of 48.40, which is also the 200 day mvg avg. The weekly charts show that 47.63-83 is the lower risk buy zone with a tight stop. Spu’s…sustaining over 1367.50 will run out the … Continue reading
Crude…OIH
For the Risk on Crowd… Crude just broke out to the upside over the 18 day mvg avg of 86. Holding this on a re-test should be deemed price positive. OIH..the stop for any buy is 36.84 stop close. The … Continue reading
A.M. Look 11/14/12
Spu’s…last night’s high was again the 200 day, which is acting like a magnet. 30 Yr….look for 150.15 to stop the Spu/Bonds on this wiggle the first time down. EUR/JPY…last night’s high was again the 200 day ( app 102.17), … Continue reading
HAL ( Haliburton)…AGU (Agrium)…Pattern Alert!
HAL…a close over 30.89 puts in an ORH Day AGU…a close over 98.56 puts in an ORH Day A confirmation of these patterns should potentially leave room for a 3-5% upside.
Grains…W/ JJG Trade Alert!
Since eating is always in vogue, we’re looking at the Grains. Soybeans…are doing a 2 yr retrace, with $13.60 our preferred buy zone the first time down. Corn… is doing a a yearly retrace with $6.96 being the 200 day … Continue reading