Pro Tips

A.M. Look 1/19/12

Posted on 01/19/2012

Euro…128.81 will be the level to monitor for direction over the next 2 days. A close tomorrow is needed over 128.81 for an “ORH” week. It’s worth keeping an eye on this level to determine whether the Euro remains weak on the … Continue reading →

Chart Patterns…X

Posted on 01/18/2012

A lot of names look great. Since I am not a fan of chasing with the horde, you have to look at the ones that have not had as big of a run. SLB,HAL & BTU in the Energy and Services … Continue reading →

Pattern Alert…Goog

Posted on 01/18/2012

A close today over 631.93 will put in an “ORH” daily pattern. As with X, these should be construed as price positive patterns.  

X…U.S. Steel…GLL

Posted on 01/18/2012

U.S. Steel is attempting an “ORH” outside reversal higher day with a close over 28.04. We’ll wait until the end of day to see if the current strength holds. Too many names are far too rich for me to chase at … Continue reading →

Position Update…Current Holdings

Posted on 01/18/2012

LONG… XLE DIG MOO FXA GLL Stops are as previously stated.  

SDS…Short S&P 500 Futures

Posted on 01/18/2012

For those of you who were not stopped out yesterday, we are exiting this position @ the market. We will revisit this at a later time.  

MCP…Molycorp

Posted on 01/18/2012

Molycorp held 28.22. The Numbers have not changed here. Yesterday the high and low of the Spu’s lined up with the MCP technical levels. Keep your eye on this! I like today’s low…The upside break out is a close over … Continue reading →

GOLD

Posted on 01/18/2012

Whether you use an all session chart or a pit only, the 1630’s will be a rough zone. This is where the 200 day mvg avg comes in depending upon which map you favor. Move your BUY Stop in the … Continue reading →

A.M. Look 1/18/12

Posted on 01/18/2012

Yesterday had us lightening up on the portfolio we came in with. We added short Gold via the GLL ETF. ( app 1661 in the futures) Those of you that used the stop in the SDS as a closing stop…you’re … Continue reading →

Pattern Alert…SPU’s…S&P 500…MCP

Posted on 01/17/2012

The only # that really matters now is 1272.70 Spu Pit session. A close below this level would put in an interim top in all risk assets with a ORL ( outside reversal Lower day) It remains to be seen … Continue reading →