Pro Tips

PCLN…MMM

             

A.M. Look 8/22/12

Silver…29.86…30.40 Gold… 1645… 1661 ish is a weekly level. Platinum…1530 -5 is a weekly level…..1582 GBP/USD…the Sterling is trying to get some footing with one of the better looking weekly charts. A weekly close over 158.52 is needed to confirm … Continue reading

General Prudence…AGQ

Any investor that bought the AGQ should take a big piece off. 10% in a day and a half is a lot.

SDS…Trade Alert!

We’re Buying a 25% position in SDS on a close over 14.35. This is a short S&P 500 trade. Investors wishing to lead off on the close should use a 14 stop.

QID…Trade Alert!

We’re Buying a 25% Position in this ETF on a stop close over 28.45. AAPL…the ORL # is 649.90. This is a closing # AAPL could break to 646 on a flush and come right back up, so pay attention.

QID_-_ProShares_Ultrashort_QQQ_Daily.gif

Equity Indices & Bonds

Spu’s…1410 Nasd….2767 These are the ORL #’s Once again the indices are nowhere and broke to nowhere. AAPL,DE,Oil ect all saw tgt areas hit on very overbought conditions, followed by some profit taking. TBT…16.70 becomes a closing momentum area = … Continue reading

A.M. Look 8/21/12

The following are the previously stated static levels. Nasd 100…today I included this chart to show that we’re coming up to a “go or no go level” here as well. 2788-92 was the monthly double top we broke from. 2840 … Continue reading

GDX_-_Market_Vectors_Gold_Miners_ETF_Daily.gif

AGQ_-_ProShares_Ultra_Silver_Daily.gif…Trade Alert!

Silver…is starting to shine. Since I started writing, this the ETF has rallied 60 cents. Let’s try and pick this up on a pullback to 40 with a 39 stop. Silver needs over 28.55 to brk out to the upside. … Continue reading