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Pro Tips
BTP Futures Daily Continuation Chart
The Italian 10 yr bonds are trading at resistance. Price action above this level will give way to 103.30 on the weekly charts. We’re mentioning this because it’s telegraphed Euro Currency Movement (EUR).
A.M. Look 6/4/12
Full Moon Trading Tonight, that means half the world has their Ouija Boards out and you should have your track shoes on. Spu‘s…the downside levels will remain static. 1252.60 is last years close. 1243 is the next meaningful Fib support. … Continue reading
JJG Grains ETN Daily Chart
This fell of my radar earlier this a.m. with everything else going on. The corn is leading this ORH pattern. A close over 44.51 puts in an ORH day, which is a price positive pattern.
Russell 2000 Weekly Continuation
The first rebound rally in the Midcap was a re-test of the 200 day moving average. Midcap has been the strongest on the spreads and is now the weakest. The Russell as shown, is trying to put in an ORL week.
Platinum Daily Continuation Chart
1448 is the 18 day moving average with Fib resistance @ 1457
Gold | Daily Continuation Chart
1580 was the upside break out in the Gold…targeting the 1628 level. We need to see all new closing strength over 1632 to start another leg up.
TBT | Closing Trade!
We’ve reached the 200 day in the Spu’s matching the Fibs in the OIL,Aussie,Canada and Platinum. We’ve seen a good bounce off the levels. We’re closing (Selling) this trade @ the market and will wait to fight another day. I have … Continue reading
ORH | Pattern Alerts
Euro…124.29 Gold…1572.60 Silver…28.09 Platinum…1419.50 Swiss Franc Futures…103.38…96.65 USD/CHF AUD/USD… 97.72
A.M. Look 6/1/12
The past 2 unemployment reports have marked a high in the Stock Indices and a low in the Bond Futures. Unemployment Fridays always become big inflection points for the Gold & Silver, generally marking significant highs and lows on increased … Continue reading
TBT | Trade Alert!
We’re Buying a 20% position @ the market. Our rational is more a stab at a potential double bottom in the SPU/BOND spread @ 87 than anything else on the board. Bonds are up 8 full points on the month. … Continue reading