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Pro Tips
NEM | Newmont Mining Pattern Alert
Yesterday we sent out a piece on taking profits or tightening up your risk in the miners for those involved. NEM..is attempting an ORL day with a close below 51.25, which would confirm the level in the GDX of 48.50
A few levels to watch
Spu’s…1320 is the first 30% from last months high Nasd… 2560 is the same level. XLE.64.60-70 CAT…88.50 ECA…21.15-18…closing above tgt’s 21.90 MMM…84…then 84.50 IBM…by maintaining and closing over 192.90 the next tgt is 195.40 The rest of the day will … Continue reading
SSO ProShares Ultra S&P500 Chart
ETF traders….48.90-49.00 is your key hold level. 49.75-93 is closing resistance. This chart looks exactly the same as the Futures.
30 Yr. Bond Futures Roll
I don’t roll for another week in the 30.. I am writing JUNE!!!!!
A.M. Look 6/6/12
Welcome to the Mid -Week Shuffle… Gold…could go as high as 1650 Platinum…stops are over 1674 Spu’s …1292.50 should be early support. 1300 is early resistance. Nasd…2496 is early support. 2527-24 is the 18day mvg avg. and the monthly close. … Continue reading
GDX Gold Miners ETF
Many of you are or have been actively trading the Miners via the GDX. Technical resistance begins at 47.70-48.50. The move up from the low has been prodigious. Use mid-week strength into this zone to tighten up your risk parameters
IBM
189.15 is the 200 day Mvg Avg in IBM. Watch for general market tone. Those looking for a Risk On mid-week rally should look to the usual suspects for direction and opportunity. Oil names and related ETF’s should provide the … Continue reading
A.M. Look 6/5/12
OIL, Euro, Aussie & Spu’s all rallied to their upside pivots last night and failed. General Comments… We’ve gone from one end of the spectrum..rallying into resistance ( another rally to nowhere) through the Asian session right back to near … Continue reading
USO United States Oil Fund Daily Chart
I know some of you guys are looking for a short term long to see if we get another rally into mid-week. USO could be a good candidate. The chart pattern shows a double daily bottom to manage your risk … Continue reading
It’s Summertime…
The Robots are in charge..the Homo Sapiens, the smart ones are enjoying the cafe society. Price action above 1271 Spu’s will run out new shorts. Look for this to run all the spreads and commensurate surrogate trades.