Pro Tips

XLE…MCP…Aussie

Posted on 01/27/2012

We’re adding…. BUYING MCP and XLE @ the market. XLE…70.65 stop close… MCP…29.80 stop close… Aussie just double bottomed at 105.91.. Keep your eye on this level for a general risk barometer today. Resistance is now 107-107.22 AUD/USD  

A.M. Look 1/27/12

Posted on 01/27/2012

AUD/USD…Short term Cash & Futures guys that are involved with this recommendation from yesterday, you’re stopped out if you left the order at break-even. 106.08 ( H Futures) was yesterday’s IMM opening (App 106.70 cash). If you’re still involved, this is … Continue reading →

MCP

Posted on 01/26/2012

This is a good late day hold for Molycorp… The low was the old high and now the 50 day mvg avg. This will be a pivotal level tomorrow ( 29.90-30.10) with the Chinese coming back into the Copper market … Continue reading →

General Risk Comments

Posted on 01/26/2012

1312 ish should be a tough level in the SPU’s 1st time in. A lot of individual stocks are giving all their gains back from yesterday. We chose the Aussie short today as the trade Du Jour early showing the … Continue reading →

TLT…30 Yr. Bonds

Posted on 01/26/2012

We are starting a long position. The Risk is to a new low today in the 30 Yr. Bond Futures. Trade size is commensurate with the risk you can handle. A close today over 17.05 in the TLT is positive … Continue reading →

Risk Trades…MCP…Aussie Dollar

Posted on 01/26/2012

Resistance in the Aussie is definable…107-107.22 AUD/USD …Long Aussie = Long Equities… Shorter Term traders should be trying the short side of the Aussie here with a tight stop. MCP.. a close above 30.45 is needed for an ORH week…this … Continue reading →

A.M. Look 1/26/12

Posted on 01/26/2012

Deja vu…shades of last year…”your cash ain’t nothing but trash” A creeping equity market fueled by a devaluing dollar and a chase for high yields, with money looking to buy cheap dollar denominated assets. The result is the same as … Continue reading →

Yen…USD/JPY

Posted on 01/25/2012

The 200 day in the yen futures comes in app 127.50 (H) USD/JPY level is app 78.45 + a small wiggle of a few pips for the forward. This will be a level in the straight Yen to watch for … Continue reading →

A.M. Look 1/25/12

Posted on 01/25/2012

The levels we’ve been using this week have not changed. Currencies…it’s the Yen crosses which have been the feature. EUR/JPY, AUD/JPY looking a little tired on the daily charts. Bunds…show a double bottom on the daily @ 137.18. OIL…98.15 is … Continue reading →

Yen…EUR/JPY…AUD/USD

Posted on 01/24/2012

Yen…128.35-45 H Futures is where the first bounce can come from. This is an exit zone the first time down. Sustained price action and a close under this area, will lead to a whole new swing down in the Yen. … Continue reading →