Pro Tips

QID/SDS ….Trade Alert!!!

We’re BUYING SDS & QID @ the market. This is a short SPU & Nasd 100 Futures trade. Pros sell rallies in the futures against 1390 Spu/2730 Nasd 100 The stop on the ETF’s is yesterday’s Low.    

OIL…Shorter Time Frame Traders

OIL…is looking vulnerable. Price action below 102.50 in June should be monitored with a general Risk off bias.  

A.M. Look 4/19/12

Spu’s…are stuck between 1375-1390 on top. NASD 100… same deal…2700+- and 2730 on top. USD/JPY…81.88 ( app 122.25 Futures) should be your focus for further price action. We previously identified (123.25 Futures.) as a significant level. That was last night’s … Continue reading

Gold…Position Update

We were stopped out of our Gold today. Big picture we’re smack dab in the middle of a $70 dollar range. While we have no Futures position at present we are still looking to re-buy. Long term ETF guys ( … Continue reading

IBM…Pattern Alert

A Friday close below 202.17 puts in an ORL Weekly pattern. This level should be monitored for general risk over the next few sessions. Near term resting stops are around 200.    

A.M. Look 4/18/12

USD/JPY…81.88 is the weekly ORH #. A close over this level Friday leaves room for a large move up in this Dollar. Yen Futures line up slightly different with a close under 122.25 needed for the ORL. Sustained price action … Continue reading

Equity Indices

The current highs are short term overextended. It remains to be seen whether we can continue to rally from these levels in both the SPU (1388.50) potential double top from last week and NASD Futures (2730) level. We’ll wait for … Continue reading

Nasd 100…Pattern Alert

A close above 2710 puts in an ORH day. This is a price positive pattern. 2707-10 is resistance the first time up. 2720 is possible.  

Short Equity Indices…Position Update/ W Trade Alert!

We are Stopped out of our remaining short Spus’. A close above 2693 will have a close out the remainder of our Long Qid/Short Nasd  

Spu…Pattern Alert

A close over 1375.25 Puts in an ORH all session day. Intra day price action over this level will have the shorts running for cover.