Pro Tips

A.M. Look 10/26/12

Posted on 10/26/2012

Spu’s…1394.50 was last months low, there are stops below. 1385 ish is not a level to press the first time down. 1373-75 is the next exit level which was former resistance and now support. Nasd 100…2648-53 will act as the … Continue reading →

Natgas…UNG

Posted on 10/24/2012

Nov (X) natty expires 10/29 Dec (Z) is now front month.. There is a sizable spread between the months. UNG…the weekly chart shows an upside breakout on a close over 23.47

A.M. Look 10/24/12

Posted on 10/24/2012

Welcome to the mid-week shuffle… The main feature of the board this A.M. is the correction in the Euro crosses off disappointing economic news out of Germany, in particular EUR/AUD,EUR/JPY,& EUR/GBP. Euro…128.90 ish seems to be the tipping level. Once … Continue reading →

PCLN…Pattern Alert

Posted on 10/23/2012

Priceline needs to close over 574.54 to put in an ORH day

EUR/JPY…YEN

Posted on 10/23/2012

EUR/JPY…resting sell stops are 103.11, which is also the daily ORL #. Trading through this area would be a big Risk off indicator. Yen..126.30-60 is the low risk sell level in the Yen Futures. App. 79.10-20 USD/JPY. Professional traders should … Continue reading →

CPEZ2_-_Copper_(Globex)_Dec_12_Daily.gif

Posted on 10/23/2012

Copper…is at an inflection level. Last night’s high failed at a major moving avg crossover, which is a big technical failure. The low is Fib support for this swing and the level should not be pressed first time down.

A.M. Look 10/23/12

Posted on 10/23/2012

Oil…there are stops below 87.70. 86 appears to be the low extreme for today. 88.85 will act as a short term upside pivot level. Spu’s…maintaining under 1417.50 should lead to another 10 points lower for a start. As long as … Continue reading →

Crude_Light_(Globex)_Weekly_Continuation.gif

Posted on 10/22/2012

Closing below 88.95 should lead to a test of 86.

A.M. Look 10/22/12

Posted on 10/22/2012

Nasd 100…got to our tgt area which was close to the 200 day mvg avg. in the 2650’s, a level we have not seen since July when we were trading around 2515. Resting buy stops are over 2688. Oil…91.50 (Z) … Continue reading →

TFZ2_-_Russell_2000_Index_Mini_(Settle)_Dec_12_Daily.gif

Posted on 10/19/2012

82650 is the 50 day mvg avg. 81850 is the weekly ORH # with natural stops below. 81230 is first Fib support.