Pro Tips

A.M. Look 4/27/12

Spu’s…held support last night @ 1388.70 after the Spanish Debt news. Closes over 1402 will be deemed short term positive the Index. Nasd 100…will need sustained price action and closes over 2735 for more upside. Gold…1650 seems to be the … Continue reading

CQG_IC_Chart_S_KBE_-_SPDR_KBW_Bank_ETF_Weekly

Keep this on your Radar…. A close over 23.50 tomorrow, puts in an ORH week.

SDS…QID…TLT…Trade Alert!

We are Closing ” Selling” all of these Long positions @ the market. Longer time frame traders might wish to wait for closing confirmation.

Equity Indices vs. The Bonds

We’re not getting a lot of love from this trade, meaning that we aren’t seeing the desired price rejection off the levels in the Spu and Nasd. Bonds hit perfect resistance and are now retesting support. Spu’s Point & Figure … Continue reading

ECA…Trade Alert!!!

We’re Selling another 25% of this stock between here and 19.40 Use a 17.75 stop on the remaining 25%. 7% in two days? We’ll take the bulk of the Money off the table!    

CQG_IC_Chart_EP_-_E-Mini_S&P_500_Daily_Continuation

We’re coming into Moving Avg central in the Spu’s.. No selling weakness! The mid to high 70’s will be very tough!

A.M. Look 4/26/12

EUR/GBP…has been a big mover over the past month. This cross is getting mildly oversold on the intermediate time frames. It’s also 50% back on a 6 year swing ( a big swing). Forex players involved in this cross should … Continue reading

QID…Nasd 100 Trade Alert!

Nasd 100…is at it’s upside extremes of 2707-10 ish. A close over this level is needed for more upside. QID…31 is the matching level. We’re Buying a small position in the QID, with a 30.90 stop close Pros ..you know … Continue reading

ECA…Trade Alert!!

ECA is trading around 18.40 in pre-market after earnings. Pay for your trade! SELL 30% of this instrument anywhere between 18.40-70 or at your discretion when it opens.  

A.M. Look 4/25/12

Today being FED day, it will be all about the Precious Metals after 1:15 CDT. If there is even a hint of future monetary accommodation in the statement, the Gold & Silver will hold and rally. The metals have to … Continue reading