Pro Tips

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Posted on 11/13/2012

For all you DOW theorists, a close above 90.25 is price positive.

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Posted on 11/13/2012

Spu’s…back to the 200 day. A close over 1381.75 (ORH daily #) sustaining over this level after 12:30 CDT, will put the shorts on the defensive. Nasd…needs over 2600, watch AAPL GS…117.84 are the near term stops with 118.57 the … Continue reading →

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Posted on 11/13/2012

The Board is still ostensibly an AAPL trade! Short term…Price action over 543 will run out new shorts! The downside tgt area of 495-505 has not changed, nor has our Trade Alert to buy a call spread at this level.

A.M. Look 11/13/16

Posted on 11/13/2012

USD/JPY…keeps holding the 200 day mvg avg @ 79.68, App ( 125.68 Z Futures) This level should be monitored for direction on the crosses. General Comments… The board has not changed, It’s still trading Risk off. Today should continue to … Continue reading →

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Posted on 11/12/2012

In a Risk On world I am partial to the Gold. Sustained price action above 1740-41 would be needed for a rally to extend.

A.M. Look 11/12/12

Posted on 11/12/2012

We’ll be out of office, traveling on business, form 8:30 CDT for the rest of the day. SPU/BONDS…are getting into that oversold area where the breaks can hold for a rebound as seen Friday. AUD/JPY…the weekly is breaking out of … Continue reading →

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Posted on 11/09/2012

The low was the 200 day! By remaining above 46.50 this will try to rally back toward 48.80.

AAPL

Posted on 11/09/2012

AAPL…is getting short term oversold on the daily charts with an RSI reading below 20, however you’ll need to see price action over 542 for any help here for the Indices. Monthly stops lie at 522 and 516. We’re looking … Continue reading →

Oil

Posted on 11/09/2012

There are resting monthly stops under 83.79. 81.80-82 is the next closing level. All new closing weakness under this area would be needed to consider looking for another big leg down.

Yen… Trade Alert!

Posted on 11/09/2012

Close this trade out at the Market! We’re not going to pick a high in the Yen when the Board is Risk Off. We’ll eat the few ticks and take a look next week.