Pro Tips

Pattern Alert

Posted on 02/07/2012

GOLD…puts in an ORH day with a close over 1740.90, however we feel you would need a close over at least 1743.30 for follow through. OIL…puts in an ORH day with a close over 97.75. 98.30 ish brings the 50 … Continue reading →

A.M. Look 2/7/12

Posted on 02/07/2012

Point & Figure Patterns this A.M. shows a double top in the SPU’s @ 1342.50 and the Brent OIL @ 116.70. Long Brent/Short WTI is the feature in the Oil Mkt. Spu’s…is all about where and how they hold breaks today into … Continue reading →

Emerging Markets…India…Pattern Alert…General Comments

Posted on 02/07/2012

Today’s low in PIN is the a retest of the 200 day mvg avg. EPI…the 200 day is 19.87 Investors looking to diversify or playing in this pond, manage your risk against these #’s. Closing under these levels would be … Continue reading →

COP…OXY…XLE

Posted on 02/06/2012

COP…71.76-80 will be a spot to pay for your longs ( sell some out) for those of you that are inclined to trade that way. OXY…103.83..there should be resting stops above this level. It’s not the worst idea to pay … Continue reading →

A.M. Look 2/6/12

Posted on 02/06/2012

The strength in the dollar and the weakness in the precious metals has been the feature since the opening bell last night. SPU…we are looking to see a probe into the 1327.50-29.50 area & NASD..2500-02 during the Chicago pit session … Continue reading →

Miners…Cat

Posted on 02/03/2012

This is a mixed bag…BHP & FCX look good, however NEM & SLW can’t get going with the Gold sell off. Since NEM & SLW are close to our entry points, we will sell these longs by the close today. … Continue reading →

Chasing Strength

Posted on 02/03/2012

Chasing strength has never been my forte, however you are getting upside breakouts in the India ETF’s and the Banking ETF’s. The choices are to buy a little on the close or wait for an opportunity mid week next, which … Continue reading →

XLE…OXY

Posted on 02/03/2012

XLE… Breaks out to the upside on the monthly maps with a close over 73.30. We’re looking to add to this position with a close over this level. OXY.. has been a long time favorite to trade. We believe you … Continue reading →

GOLD

Posted on 02/03/2012

Gold is losing it’s shine with a double top on the daily.. Not a fan of the price action…SEll this @ the market

BKX…Pattern Alert

Posted on 02/03/2012

The BKX is putting in an ORH higher week with a close over 4401