Pro Tips

GS…Pattern Alert

A close below 115.40 in Goldman puts in an ORL Day. 110 ish is the next level.  

Oil …Pattern Alert

A close below 100.81 (K) puts in an ORL pattern in keeping with the rest of a Risk Off Board.. 97 ish is the downside tgt for this swing.  

CQG_IC_Chart_EURJPY_Weekly

Time Frame trading….we’re into London’s close…Both EUR/JPY and AUD/JPY are attempting ORL days. Current stops are 105.63 EUR/JPY…Sustained and closing action under will lead to another figure down. This would be considered a Risk Off formation.

CQG_IC_Chart_AUDJPY_-_Australia_Japan_Daily.gif

Here is an important visual on one of your main Risk spreads… We’re into support..82.90 is the 50% from the Dec low in the cross. WHY???, because this is the swing that almost every market in the world is presently … Continue reading

Match Game…

SPU/BONDS just bounced off the 50 day around 9700.Spu’s hung up around 1370. Don’t press weakness, let the market do the work and remain nimble. 3M, DE, and some of the big cap stocks have all hit some interesting mvg … Continue reading

Midcap 400 Futures…Pattern Alert

A close below 96360 puts in an ORL daily pattern. This is a price negative formation.  

A.M. Look 4/10/12

The Yen crosses told the story yesterday by holding big Fib support. The AUD/JPY,EUR/JPY & CAD/JPY all pretty much tested support at the same time and reversed. So did the OIL and Spu’s. General Caveat!….We’re honing in on a zone … Continue reading

A.M. Look 4/9/12

30 Yr. Bonds…140.15 is the print we’ve been looking for when we first bought the bonds in the 136 handle. Now that the entire expected swing has been completed, we will await further price action before deciding our next move. … Continue reading

A.M. Look 4/6/12

Trade what you see today. We’ve been back and forth through these number sets in both the Spu’s and the Bonds and there is nothing new to add. Expect less liquidity in the Spu’s & Nasd. There are no underlying … Continue reading

AUD/USD…Trade Alert!!!

Close out the Short AUD/USD @ the market. The main reason is that it’s not in the money and we could see some position squaring going into London’s close.