Pro Tips

Things to watch end of day…

CAT…a close over 80.80 AAPL..closing back over 605-6 Would screw the most amount of people. Oil…price action over 86.40 would lend support to the indices. The end of the capital flow going into London’s close saw the reversal. Unlike yesterday … Continue reading

A few Tgt’s

MMM…84.19 ( 200 day) 83.50 is monthly support GDX…looking for the stops to get elected under 39.08…then 38.24 CAT…75.80 is Fib support. 72 is the Monthly level. OXY…78.90…74.30 It’s a long day…markets should stay under pressure into London’s close. Time … Continue reading

AAPL….Trade Alert!

Time to cut this loose. Sell APPL @ the market! The world is going Risk off. Even AAPL will not be immune. We’ll get our chance to re-buy this a lot lower.

A.M. Look 7/12/12

Spu’s…as long as the Spu’s don’t close back over 1341 the board will trade Risk Off. Closing today under 1333 will be negative and have us looking for another 40 points of downside. 1324.50 Spu matching Nasd 2540 can be … Continue reading

The Grains have Blown Off!

There could be one more wiggle back up next week, however today’s price actions shows this should be it for a while.                                    

A.M. Look 7/11/12

Welcome to the Mid-Week Shuffle… Oil…83.00 +- 10 ticks is a key Fib level which we failed to reach yesterday. The oil never acted as bad as the Equity indices yesterday. 85.20 ish looks to be the top of value … Continue reading

Russell & Midcap 400 Pattern Alert!

The Midcap @ the 18 day and the Spu printing 1333 is all I need to see for now. It’s late in the day so beware the Bots! CYA time! Tighten up your risk parameters.

IBM…APPL…Pattern Alert!

IBM…a close below 188.10 puts in an ORL day. AAPL..a close below 604 would have me looking for a print in the 580’s again.

Natgas…Pattern Alert!

Metals Alert!

Both Gold & Silver are attempting ORL all session day as well as completing ORL Pit session patterns. “1581 Gold”…27.09-16 Silver. This is the same pattern as the Equity indices. Copper…under 340 does not act particularly well, while many of … Continue reading