Pro Tips

Position Update MCP…GDXJ…

Posted on 01/12/2012

You should be stopped on the miners (GDXJ) if you got involved today. MCP…This bad boy is up 9% on the day! If involved you should be down to no more than a token 20-25% position with a break-even stop on … Continue reading →

Position Update JJG…MOO

Posted on 01/12/2012

We’re buying a partial position in the JJG. I want to have a small core on even though it might be early. Leave the resting order to buy working @ 41.60. MOO…I like today’s low of 49.20 Start a position in … Continue reading →

Pattern Alert SPU…S&P 500 Futures

Posted on 01/12/2012

Yesterday’s pit session low was 1280.80. A close under this level is needed to put in an outside daily reversal to the downside. BIG LEVEL!  

Gold Miners…Molycorp

Posted on 01/12/2012

Any investors or shorter term players that got involved in these names today should use stops 15 cents below today’s current lows. 29.80-30.00 is first good resistance in MCP…Risk should be reduced at these levels. Meaning…take some profits!.. GDXJ…27.39…then 28 are … Continue reading →

Spu’s…SDS

Posted on 01/12/2012

Markets are overbought. Buy the SDS @ the market with a 17.90 stop. This is a short S&P 500 trade. We are viewing this as a contra trend nibble!  

Pattern Alert…AUD/JPY

Posted on 01/12/2012

A Friday close over 79.74 puts in an outside reversal week to the upside. This should match up with a close in the AUD/USD over 103.80-104 level. App ( 103.15-20 ish H Futures) We would view this as Bullish for Commodity … Continue reading →

JJG …Grains

Posted on 01/12/2012

JJG..The areas of interest are 42.50 and 41.06-50 We are placing an order to Buy the JJG @ 41.60 for a 50% long position  

A.M. Look 1/12/12

Posted on 01/12/2012

There is a lot on tap this A.M….ECB & BOE Rate decisions….USDA Crop Report Copper…This is trying to break out to the upside. MCP is a good way to play this. Buy breaks with a 26.30 stop to see if … Continue reading →

A.M. Look 1/11//12

Posted on 01/11/2012

Crop report tomorrow…..grain and Grain names will be in play Spu’s…Our focus will be limited to 2 levels…1280 & 1259.. 1280 will be pivotal early. Gapping below for the pit session and failing to rally back over would be bearish.. … Continue reading →

A.M. Look 1/10/12

Posted on 01/10/2012

Spu’s…Mid Oct was the last time we saw these levels in the index. 1288-89 was the old high with 2408 in the Nasd. We were looking to get out of our longs around the 1319-25 level on that swing, which … Continue reading →