Pro Tips

A.M. Look 10/11/12

Nasd 100…2715-20 now becomes the key hold level and near term pivot. Spu’s…the resting stops are below 1425. They elected them last night…now all new strength over 1437 will run out all the shorts. Euro…128.22 is the 200 day mvg … Continue reading

A.M. Look 10/10/12

Nasd 100…2715-20 now becomes the key hold level and near term pivot. Spu’s…the resting stops are below 1425. EUR/AUD…we don’t expect to see much below 125.33. Euro…128.22 is the 200 day mvg avg. This is a better buy level than … Continue reading

CAT…DE…OXY….Pattern Alert!

These names are attempting to test their respective ORL #’s. 81.94 DE 84.43 CAT 84.20 OXY

XCO_-_Exco_Resources_Inc_Weekly.gif

EXCO…XCO…has a potential weekly double top in place. Investors that are long should raise their stops to breakeven, or take the money.

A.M. Look 10/9/12

Nasd 100…2765-68 is first support. 2740 ish is the next significant level. USD/JPY…77.65 app 128.80 futures is resistance in the Yen. EUR/JPY…all new price action under 100.90 will be needed for more Yen strength and Euro weakness. Euro…needs all new … Continue reading

AAPL

642-644 AAPL has been our downside tgt area. The bigger Fib matches come in around 636 with weekly support at 632

A.M. Look 10/8/12

Nasd 100…2765-68 is first support. USD/JPY…77.65 app 128.80 futures is resistance in the Yen. EUR/JPY…all new price action under 100.90 will be needed for more Yen strength and Euro weakness. Euro…needs all new closing weakness under 129.25 for a run … Continue reading

TBT…Trade Alert!

The Bonds are Mid market for the recent 8 point range. Even though there is no bounce to the 30 Yr. the rest of the board is looking vulnerable. Therefore, we recommend you taking some more money off the table … Continue reading

Nasd 100 & Aussie…. Pattern Alert

A close below 2807 Nasd 100 puts in an ORL day. With a close below this level we would expect to see some follow through to the downside next week. A close under 101.82 AUD/USDĀ  completes an ORL here, however … Continue reading

Weekly Pattern Alert…Currencies

The Euro, Suisse and Canada are all attempting ORH weeks. Completion of these patterns portends a further weakening of the Dollar and more Risk On. Presently this has kept a lid on the Metals. We do not think this short … Continue reading