Pro Tips

A.M. Look 11/28/11

Posted on 11/28/2011

SPU…The big zone on top is 1197.50-1206.50. Expect price rejection the first time up. Bears…this is a good spot to try a short with limited risk. ( sell them before you buy them at this area) Aussie…100.50-60 should line up … Continue reading →

JJG

Posted on 11/23/2011

Let’s close out this position…Sell Longs at the market. The world is in Risk Off mode,and this is  Risk On Asset. Pay attention to your time frames, this looks to be a one way street going into London’s close.

A.M. Look 11/23/11

Posted on 11/23/2011

SPU’s..1171-1166 is a significant level. Generally areas like this are directional ( Bear) traps the first time into the zone. However closing below a level like this is quite Bearish. 1153 is the next Fib level. There is a very … Continue reading →

Spu’s

Posted on 11/22/2011

Today’s End Game…. A close over 1197.30 @ 3:15 Pit session “Chicago”… This would put in a daily outside reversal pattern to the upside, trapping all the Bears again. The pattern foreshadows a “Risk ON” signal …possibly, with follow through … Continue reading →

JJG

Posted on 11/22/2011

JJG…41.95 Time to put this back on our radar and start watching! 41.95 puts in a double bottom from last months low…This is also the 2/3rds Fib retrace from the April 2010 low. In other words it’s big stuff… What … Continue reading →

OIL…Related ETF’s vs Equity Indices

Posted on 11/22/2011

The Oil is up…so ask yourself what’s up with OXY,DIG,XLE,OIH et al? Presently, they are all lagging! Watch for some leadership for the next intra-day swing. They’ve already tried the Equity Indices both ways early. We are not going to … Continue reading →

A.M. Look 11/22/11

Posted on 11/22/2011

Dealers choice…The board is shaping up to be a back and forth day trade. Trade what you see, pay attention to your time frames and take your money. Model Trading Portfolio…Current Holdings No positions Our view is that the rest … Continue reading →

Time Frame Trading

Posted on 11/21/2011

“Day traders” looking for a reaction trade, should be patient until London is done selling everything. IBM…180.50-181.50 is key support and a major closing pivot level for direction. AAPL …363 is the app 200 day mvg avg today. GOOG 557 … Continue reading →

A.M. Look 11/21/11

Posted on 11/21/2011

It’s a Risk Off World! There are just too many factors weighing on the markets. We’re all cash and we’re staying that way! Investors who wish to bottom fish in the metals should wait. There is every fundamental reason for … Continue reading →

Gold…

Posted on 11/18/2011

This is the visual on the Gold