Pro Tips

Gold & Silver

Posted on 10/05/2012

1775 Gold is still holding with minor stops below. Silver is holding up better with the initial break holding the 18  day mvg avg. Price action back above 35 today should lead to a good rally. Use today’s lows to … Continue reading →

A.M. Look 10/5/12

Posted on 10/05/2012

30 yr. Bonds…148.13 is the initial Point & Figure support. 147.18-24 is the the next level. Spu’s…our macro closing level of 1462 has not changed. This is the closing upside pivot that will lead to a test of the 1500 … Continue reading →

MCP_Molycorp_Inc_Daily.gif

Posted on 10/04/2012

MCP…is trying to pick itself up off the mat again. Closing over 11 should see this taking another look at the 50 day mvg avg around 12 with an unemployment report that’s not devastating

A.M. Look 10/4/12

Posted on 10/04/2012

30 yr. Bonds…need to sustain under 149.10 for another point lower. Spu’s…held the qtrly close yesterday and are now in recent mid market awaiting unemployment tomorrow. Euro…has a small double top on the P&F chart @ 129.60 ish, which is … Continue reading →

DE…John Deere_Daily.gif

Posted on 10/03/2012

Today’s low is a trad able level.

A.M. Look 10/3/12

Posted on 10/03/2012

Eur/Aud…has been the feature in the currencies. 125.50 is support with resistance coming in +- a few ticks either side of 127, followed by the next big figure of 128. Soybeans…are at their first initial tgt of 15 dollars, however … Continue reading →

GOOG…Google

Posted on 10/02/2012

GOOG…needs to sustain under 756 and close below 754.50 to see much profit taking. Only then can this impact the Stock Indices.

A.M. Look 10/2/12

Posted on 10/02/2012

Bunds…140.96-141.01 is support. 142.31 is resistance. Were watching these levels for clues as to direction off the DAX/BUND spread. Copper…maintaining over 377 keeps a positive tone with 382 ish being near term resistance. General Comments… The Equity Indices are still … Continue reading →

GOOG….Pattern Alert!

Posted on 10/01/2012

Everybody is loaded up long… This just put in a new high by 11 ticks from last Week,Month & Qtr… Meaning…double top land!!!!! This is the one to watch!!!!!!!!!!! It’s very overbought!!! This rolls over it’s AMF boys…

XCO…Profit level…Trade Alert!

Posted on 10/01/2012

This is a good spot to pay for our last buys in the 7.50’s. We know it’s breaking out on the yearly chart to the upside, however we trade to make money.