Pro Tips

A.M. Look 11/9/12

Posted on 11/09/2012

Yen Futures…those of you that trade the cash or futures got filled last night on your sell order. 1/2 of the recent swing is 126.75 (Z) app 78.90 USD/JPY. General Comments… Yen traders…this is not a trade we’ll leave open … Continue reading →

UNG_-_United_States_Natural_Gas_Fund_Daily.gif …Trade Alert!

Posted on 11/08/2012

Natty & UNG…are attempting to Hold, with UNG trying for an ORH day. We will buy a small position in the UNG on a 21.20 Stop Close only. We’ll try the pattern.. however we do not recommend leading off on … Continue reading →

Metals

Posted on 11/08/2012

AGQ…a close today over 50.52 is price positive Gold…is over the unemployment high of 1727 which is price positive, although it needs a little higher as seen on the Point & Figure Charts..a close over 1736. Silver…still needs closing strength … Continue reading →

USD/JPY…(YEN) Daily

Posted on 11/08/2012

A strong Yen is indicative of a Risk off Board. Presently USD/JPY is trading on it’s 200 day..App 125.75 Futures. We’re looking to Buy USD/JPY ( Sell Yen ) around 79.20-30 USD/JPY.. Futures traders…126.30-40 is the area

AAPL

Posted on 11/08/2012

AAPL price action here is key! The weekly shows the next major Fib Support is close to 500 +- 10 dollars There will not be any more buyers showing up until after London’s close.

GS…AAPL

Posted on 11/08/2012

GS…117.65 will be the nest technical focal point. Sustaining below this level will have us looking for a 113 print. AAPL…the Nasd 100 is still an AAPL trade. AAPL needs to sustain higher on the day for any type of … Continue reading →

A.M. Look 11/8/12

Posted on 11/08/2012

Spu’s…1398-1402 is resistance with 1407-09 being the dream sell level the first time up. Sustaining below yesterday’s Fib match lows will lead to a test of the 200 day. Nasd 100…the monthly bottoms are +- a few @ 2600, which … Continue reading →

SPZ2_-_S&P_500_(Pit)_Dec_12_Daily.gif

Posted on 11/07/2012

1384-86 is the 30% retrace for the year. This is the end of the European flow..selling will abate for a while. Shorts tighten up your risk parameters.

Downside…Spu’s & Nasd 100

Posted on 11/07/2012

Nasd 100 Futures…2604 is the first level..below here we have a 2546 tgt. Spu’s…1398 is the last low and the bottom of the cloud. There is nothing significant until 1368-69 where the 200 days come in

Spu… Nov. 1455/75 Call Spread…Trade Alert!

Posted on 11/07/2012

Let’s close out the remainder of this spread as best you can. There is still around a buck of premium left. AAPL…stops under 570 GS….119.66 is a key weekly closing level