Pro Tips

FXI…EWH…EWZ…Pattern Alert

These instruments are attempting ORH days. A close for the FXI ( China) over 36.88 and 17.52 EWH (Hong Kong) will complete these patterns. EWZ  ( Brazil) A close over 65.38 would complete the ORH pattern here. Closing over 65.60 … Continue reading

Crude…Pattern Alert…Silver

Crude has a potential double bottom working on the Monthly and weekly charts.. A close over 104.15 (K) is needed for an ORH day. Silver…32.60 has been acting as the near term pivot over the past week. We’ve been a … Continue reading

A.M. Look 4/2/12

Nasd 100 Futures…a close above 2775 will have us close out our Long QID trade. This can still trade the 2839 Fib level. Spu’s…needs price action & closes back under 1400 to be negative. 30 Yr. Bonds…need some sustained action … Continue reading

30 Yr Bonds/TLT Position Update!! ….Pattern Alert….Trade Alert Reminder!!

Here is what we said this A.M…… The Long TLT/ 30 Yr.Bond Futures has been working nicely. Some of you mentioned you took partial profits yesterday near the 114.40 level in the TLT. Any prints in the 30 Yr into … Continue reading

A.M. Look 3/30/12

It’s Qtr end. We are not going to initiate anything new today. We have a small position, Long the QID (Short Nasd 100 Futures). For Now, we will leave the stop alone. The Long TLT/30 Yr. Bonds has been working … Continue reading

Big Match Levels

AUD/USD…102 +- 10 ticks is the qtrly ball game! 102.64 is over extended the first time down, likely matching up with 1380 SPU. OIL…102.30-50 should provide a level for a bounce. 30 yr Bonds.….same level … 139.16-20 “This simply means” … Continue reading

QID…Trade Alert!!!… w/ Stop

Buy the QID ( Double Short Nasd) @ the market! We’re using a 29.75 stop on this trade… Depending how you view it, I either was either premature or very late. Nevertheless, it’s a cheap look at picking a high. … Continue reading

30 yr. Bonds / TLT …Trade Alert Reminder

My short term Gnome “DL” has his daily matrix levels starting at 139.09 is the 30 Yr. (M) Futures.. We get anywhere close to our exit level…DON’T BE A _ _ _ _ FOR A TICK! or two. Exit 2/3rds … Continue reading

A.M. Look 3/29/12

AUD/JPY…has been a good short term barometer of stock strength. 8500 is the 50 day. watch for general market tone. USD/JPY… along with the YEN crosses are doing re traces from the beginning of Feb. , 122 ( M Futures … Continue reading

Nasd 100 Futures

We’re not going to honor the ORL daily pattern in the Nasd 100 today. Given Friday is the Qtr’s end, and we think you could see some residual positive capital flows into early Monday, we’ll wait until tomorrow to determine … Continue reading