Pro Tips

GOLD…Stops

Posted on 11/15/2011

The point & figure charts show the Gold needs all new strength over 1787-89 to start another leg up. This pattern does not preclude the possibility of another trip to the low 1760’s. We’ll raise out 1747 stop close to 1760 … Continue reading →

A.M. Look 11/15/11

Posted on 11/15/2011

It’s not a good morning for the risk on crowd. We would have been much happier if we just sold the Euro as a hedge against our portfolio. Short Euro/Long Gold..has been working for a while. Short Euro/long anything seems … Continue reading →

CAT…IBM

Posted on 11/14/2011

The CAT high matched the first interim high in the Equity indices today. Now IBM needs to hold in here. All new strength is needed over 190.50 for the Equity indices to remain buoyant, and start a leg up. If … Continue reading →

CAT

Posted on 11/14/2011

97.95 is a level that should be monitored for general market tone today. This area shows a “daily” double top from the end of Oct. as well as matching up with the 200 day Mvg Avg.  

A.M. Look 11/14/11

Posted on 11/14/2011

AAPL… Many of you indicated that you ( led off on the buy level) and took a small Long position, even though it did not fill us at our preferred level, therefore we’ll write as though we’re Long for those … Continue reading →

AAPL

Posted on 11/11/2011

The dog on the board is AAPL.. We’re going to take a stab at a small buy (Long) @ 378 It might not get there, but this is our preferred entry level.  

A.M. Look 11/11/11

Posted on 11/11/2011

The whole board is an area specific Lemming Effect scalp. We’ve retested the major hold levels in the Equity indices once again yesterday as well as failing to remain above the 200 day in the S&P 500 Futures Tuesday into … Continue reading →

Euro-BTP Futures Daily Continuation…A Teaching Moment

Posted on 11/10/2011

We had some questions yesterday about the Italian Bonds. So here is your educational moment, understanding our missives and how markets work. When I awoke yesterday, this Bond had fallen off a cliff. Note the RSI reading on the bottom … Continue reading →

A.M. Look 11/10/11

Posted on 11/10/2011

Gold….We’re going to give this a full 20 dollars since we’re looking to make almost 400. I like that risk reward. The stop is under 1747 close in the futures….. app 169.85 in the GLD ETF. Silver…last night’s low needs … Continue reading →

Gold…Filled

Posted on 11/09/2011

We’re filled on our Gold futures Buys.