Pro Tips

MCP….Molycorp

            A close over 12.67 puts in an ORH day. This would have us looking for 14.35

Gold & Silver

1782-1800 …Gold 35.15-35……Silver Both are areas to not chase direction the first time up!

30 Yr. Bonds…TBT…GDX

Resting stops are  145.23 (Z)  145.03 (U) These levels would be overextended the first time down. TBT…16.70 GDX…53 is the next fib match for the miners

Equity Indices

Today Front Month Rolls to DEC. I’m still using the Sept. levels

A.M. Look 9/13/12

Euro…129.95 + a few…131.46-50 GBP…162.37 is the April/May close we broke from. EUR/CHF…which has looked like a heart monitor on a corpse for the past 8 months, is attempting an ORH month with a close over 120.92. Last week was … Continue reading

Spu & Nasd Pattern Alert

ORL #’s Spu…1429.50 PIT… 1421.50 all session Nasd..2779    PIT… 2777.75 all session Pay attention to any instrument you’re involved with!!!

Gold & Silver Pattern Alert

Mid-Week Shuffle…. If everyone decides to hit the sell button and take profits at the same time today, here are the levels to watch.. Silver…33.38 with more stops below 33.28 Gold…1725.80 These are the ORL levels…This is where the weak … Continue reading

A.M. Look 9/12/12

EWZ…55.90-56.09 is first resistance with stops above. 56.80 is first yearly fib resistance. Closing above will tgt 58. XCO…we’re looking to take some money off the table over $8. 8.25-30 is a good spot to sell 70% of your position. … Continue reading

UNG …Natural Gas Fund

MLM…Martin Marietta Inc. Monthly Chart