Pro Tips

OIL…USO…General Risk

A.M. Look 2/14/12 Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as … Continue reading

Stops…General Comments.

In an abundance of caution we are raising our current stops.. Many short term players are again using the double top @ 1352 to short the indices. They are playing for a breakdown to at least the 1329-32 area. This battle … Continue reading

USD/JPY

78.75-88 USD/JPY (15+- 127.00 H Futures) should provide some descent dollar resistance ( Yen Support) the first time into the zone.  

A.M. Look 2/14/12

Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as a surrogate to … Continue reading

PBR…Petrobas_Daily Chart

Add this to your buy on dip list given the strength in Brazil ,couple that with a good sell off in this instrument on Friday into the 200 day. mvg avg. This can be bought on any weakness with a 29 stop … Continue reading

Looking Good

We have many similar chart patterns forming. Here are some names that are looking good to us. Those wishing to increase Risk can review some of these names w/the commensurate stops. FFIV …Five networks with a stop against today’s low SMH….Semiconductor Etf..stop … Continue reading

Market tells

Copper…38050 is the 200 day, a close below should be deemed negative price action given the double top in the Spu’s. SMH..a close below 33.98 in this ETF puts in an ORL day which is price negative the board. OIL..hit it’s … Continue reading

A.M. Look 2/13/12

Levels of note today are the previous highs in the OIL…100.30-50 Spu’s…1252.70, Aussie…108.50 Platinum…1674.50 All new sustained price action above these levels is needed for another leg up. Model Trading Portfolio…Current Holdings ………………Stop Close       Profit Points Long … Continue reading

Risk Positions…Stop Adjustments

Currencies… I don’t see any reason for shorter time frame traders, particularly those with the ability to trade either cash of Futures in the Currencies, to have exposure over the weekend. Sunday will start a new game. If the market … Continue reading

Russell 2000 Mini Continuation

Presently the Russell shows a potential 5 day Island Top. An 81800 print negates the pattern. S&P 500 needs late day recovery higher on the week, back over 1339-40 to run the shorts out. It’s all about who will be … Continue reading