Pro Tips

Day-Traders…30 Yr. Bonds

The June 30 yr.Bond point & Figure runs into resistance around 150.06…App 149.18 ish Sept. This level should dictate the next swing in the Spu/Bond Spread.. You’ll need consistent & sustained price action above this level for more follow through … Continue reading

SDS…Trade (STOP) Update

The SDS is currently trading at our original stop level. The SPU’s Point & Figure shows new strength is needed over 1331 for a run back up. We’ll use a day stop trigger of 1332 futures or app 16.25 ish … Continue reading

A.M. Look 6/11/12

We were stopped out of our remaining EUR/JPY on the opening last night. Date:     June 7, 2012 7:22:56 AM CDT CAD/JPY & GBP/JPY…are both coming up to their respective 200 mvg avg’s. 124.07 GBP/JPY 77.96   CAD/JPY CAD/JPY is an … Continue reading

General Comments

The Equities are trying to change direction, they’ve been trying for the past 2 weeks. This week is the first clear indication that it might actually be happening. This is conceptual work that is a lagging indicator. There will be … Continue reading

A.M. Look 6/8/12….With EUR/JPY Trade Alert

Spu’s… closing below the 1308-09 level In (M) will be price negative. EUR/JPY…closing below 99.51 will be price negative the cross. Expect a test of the low 98 level for a starter. Copper…32780 is a level that can trap the … Continue reading

SDS Trade Alert!!…Risk Off?

The energies act abominable after blowing off in the early A.M. Aussie and Euro both put in good highs which could hold for a while. You either sell the equity indices against today’s high or you look for an alternate … Continue reading

Platinum All Session Continuation Chart

Platinum is trading at it’s 18 mvg avg. A close below 1433.80 puts in an ORL day. Platinum is a good RISK INDICATOR for industrial demand Watch for general market tone

CAT | Caterpillar Daily

Interesting Chart of the day CAT has gapped up into the 18 day mvg avg…which is resistance.. 88.55 will be a good directional short term pivot. Watch for general market tone.

CADJPY | Daily Chart

CAD/JPY & GBP/JPY…are both coming up to their respective 200 mvg avg’s. 124.07 GBP/JPY 77.96   CAD/JPY CAD/JPY is an excellent Risk barometer that has been highly correlated with the S&P 500. Watch for general mkt tone.

A.M. Look 6/7/12

Nasd (M)…2574 is Fib resistance…2571 is the weekly ORH level with stops above. Spu’s (M)..1322 Fib resistance ….1334.20 is the weekly ORH level with stops above. This is also a 50% re-trace of the entire move. 1345 would be the … Continue reading