Pro Tips

Pattern Alert…ORL Possibilities

Posted on 05/03/2012

The following are possible ORL candidates.. PCLN…747.14 AAPL…578.86 OXY… 91.20 CAT… 100.65 DE… 81.79 If you’re in these names pay attention to the late show today. GS …with sustained price action under 111, this looks to be headed towards the … Continue reading →

Aussie Futures…Trade Alert…Pros Only!

Posted on 05/03/2012

Punt of the Month…. Buy the May Puts In the Aussie Futures..  These expire tomorrow! So you’re either right or wrong. My options window shows the 102 trading around 11 ticks.. The 101.50 strike app 5 ticks…Not sure if my … Continue reading →

DBC…EWZ…Trade Alert!

Posted on 05/03/2012

These long instruments should be Sold @ the market They have both violated their chart patterns. We sticking with our game plan…They either work or they don’t!  

ECA…Trade Alert!!

Posted on 05/03/2012

ECA is maintaining price action back below the 200 day mvg avg. Time to Take the Money!! SELL your remaining shares @ the market…   Sell your remaining shares @ the market  

AUDUSD Macro Levels, Point & Figure

Posted on 05/03/2012

102.27-39 is where the intermediate support and stops line up. Again the big macro stops are around 102 AUD/USD. With the rate cut, the forwards have moved in. The futures are trading an app. 46 point discount to cash. We … Continue reading →

A.M. Look 5/3/12

Posted on 05/03/2012

Tomorrow will be about the metals as usual with the unemployment data and where they hold on breaks. I find myself somewhat optimistic that they are looking weak going into tomorrow. The Dollar is bid across the board, in particular … Continue reading →

Afternoon Comments

Posted on 05/02/2012

BKX…held support @ 48 which matches up with the GS low of 112.77. Both these instruments need all new weakness under these levels for downside. SOX & SMH…both are trying to put in ORH days. JJG…for very long term investors, … Continue reading →

EWZ

Posted on 05/02/2012

Brazil is trading below 60 in pre-market. Do Not Add to This Trade… Wait out the early price action to see if the U.S. will hold these current lows. leave the stop as is on your nibble.  

A.M. Look 5/2/12

Posted on 05/02/2012

EUR/JPY…105.50 is the 200 day and the closing level for an ORL day. Spu’s & Nasd….the support levels have not changed since Friday, and we still need an S&P close over 1402 to confirm higher. Oil…106.80 is a level that … Continue reading →

Cheap Look…EWZ…Trade Alert!

Posted on 05/01/2012

60 is the Macro Pivot for Brazil. Dilma has been actively devaluing the Real, which will help on the export front. You have a potential double bottom on the Weekly & Monthly chart, so you know exactly where you are … Continue reading →