Pro Tips

A.M. Look 7/18/12

Posted on 07/18/2012

Welcome to the Mid-Week Shuffle… Copper…347 will be a pivotal level for tone on the Risk paradigm General Comments… Euro continues to be the easier short on rallies for the Risk Off crowd. Markets in general are winding up for … Continue reading →

Luncheon Strategy?

Posted on 07/17/2012

Spu’s…just as a close below 1343 is viewed as negative (ORL), a close above 1352 puts in an ORH day. Closing strength over 1357 is needed for higher prices. Nasd 100…2562.50 is the Pit ORL…2585 is the Pit ORH.. Now … Continue reading →

The Big 3…Spu..Nasd 100…EWZ… Pattern Alert! + Euro

Posted on 07/17/2012

All three are attempting ORL days. EUR/USD…needs a close below 121.75 Watch the levels late day and how they react against yesterday’s lows on any rally intra day! These are Risk Off Patterns…               … Continue reading →

A.M. Look 7/17/12

Posted on 07/17/2012

Oil… 86.60 is support…89 – a couple is a potential double top. Gold & Silver…both need higher for breakouts to the upside. General Comments… Have fun trading Ben’s testimony. I’m not sure why anyone would think the Fed would be … Continue reading →

Pattern Alert Silver…Euro

Posted on 07/16/2012

Per last weeks Euro Point & Figure…It’s Holding the 1/2 of the life of the Euro!!! The shorts are about to get a good routing which should also help the metals. A close today in the all session Silver above … Continue reading →

Yen

Posted on 07/16/2012

127.29-31 Futures is the next hurdle. USD/JPY…there are resting stops below 78.54                

Gold

Posted on 07/16/2012

Gold is winding up for a move out of this area. Watch you’re short term charts for confirmation of timing and direction.

A.M. Look 7/16/12

Posted on 07/16/2012

Soybeans…(X) Nov. we’re looking for a 16.30 print. Sustaining over 16.50 could lead to another dollar up. Corn…7.55 will be pivotal. Natgas…closing above 2.95 or under 2.70 is needed for a breakout. Cotton…put in an ORH week by closing over … Continue reading →

IEURUSD_-_DM-Euro_United_States_Index_Point_&_Figure_100x3_Ticks.gif

Posted on 07/13/2012

A.M. Look 7/13/12

Posted on 07/13/2012

Oil…is trading @ the 50 day around 87. Sustaining above can lead to a test of 90. Weekly buy stops are around 89. Spu’s…I need to see a close over the low 1340’s moderately to be positive and a close … Continue reading →