Pro Tips

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Price Action…Oil & Spu’s

Oil…92.60 is near term mvg avg and point & figure support. 9170 is the ORL daily # Spu’s..seem stuck with lots of stock rotation. I can’t fault anyone for taking a shot at selling them against today’s highs. This seems … Continue reading

A.M. Look 8/13/12

Euro…with all the potentially bad news from Europe it’s not breaking. Spu’s…same comment. General Comments… The world is on vacation. In today’s episode of Man Vs. Machine look for more price action similar to late Friday. It will be a … Continue reading

Gold…Trade Alert!

Opening Position.. We’re Buying Gold or GLD on a 1618 stop close (157 for the GLD) Professional traders that wish to lead off would have to risk today’s lows. The first profit level is around 1650, which is the 200 … Continue reading

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Grains

Wheat..a close below 8.98 puts in an ORL day. CORN…                     8.10 These are key support levels that have to hold to keep the rally intact! Closing below these levels will mean we’ve likely seen the highs for a while.

A.M. Look 8/10/12

http://www.usda.gov/wps/portal/usda/usdahome?navid=AGENCY_REPORTS Crop reports are this A.M. Spu…1402 is the macro closing upside pivot. Nasd 100…2715 ish is the macro closing pivot. 30 yr. Bonds…148.12 is the closing downside pivot. AUD/USD…105.72 is the macro closing upside pivot. AUD/JPY….83.25 is resistance…82.50 ish … Continue reading

PCLN…Priceline.com,Daily

JJG ETN….Grains

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              Watch this level for tone on the Financials