Pro Tips

A.M. Look 10/24/11

Posted on 10/24/2011

The equity markets still favor buying the hard breaks. Last night they tried them both ways. 1253 is last years close in the S&P Futures. The low 1270’s is the most we would look for on a rally early week. … Continue reading →

A.M. Look 10/21/11

Posted on 10/21/2011

The U.S. Equity markets are still a slave to the E.U. drama. The British Pound and Swiss Franc are strong against the Euro on the crosses this a.m. This is a reflection of skepticism that this weekend’s summit will provide a tangible … Continue reading →

Big Picture…AUD/USD

Posted on 10/20/2011

Aussie & S&P 500 are both putting in lower highs on the rallies and higher lows on the breaks. Meaning we aren’t going to stay in this area much longer. Oil is running the show again today.  The low of … Continue reading →

Aussie General Risk off

Posted on 10/20/2011

Every trade is the same trade, meaning that all the instruments are trading either Risk On or Risk Off. One mirrors another. This weeks AUD/USD stops are under 101.18 cash. Take another 50% of your remaining short position off if … Continue reading →

AUD/USD…Shorts

Posted on 10/20/2011

If you haven’t already…. Pay for your trade! Buy 25% of your shorts in @ the market.  

A.M. Look 10/20/11

Posted on 10/20/2011

Metals…Stops in the Gold should be resting @ app 1596… Silver could probe down to 29.85-90 or they both may have seen lows put in last night… Same game..new day… The Equities and the entire board will continue to be … Continue reading →

Price Action…Aussie

Posted on 10/19/2011

The markets are trading off the oil high…You have to pick a side of the market to trade from.. The S&P is unchanged on the week. My view is that which ever side you pick the risk is small. A … Continue reading →

December Crude…AAPL

Posted on 10/19/2011

Crude just printed resistance. Yesterday the crude low was important to putting in a market low in the stocks. Pay attention to Crude…watch for general market tone… We are long SSO and OXY.. I am looking for 89-90 on this … Continue reading →

OXY…SSO

Posted on 10/19/2011

We’re going to buy OXY at the market with an intra-day stop of 84.60. I like the energy sector.. We’ll also try a long in SSO with an intra-day stop of 43.90 Futures traders…that’s a new low in the SPU. … Continue reading →

A.M. Look 10/19/11

Posted on 10/19/2011

The levels in the S&P have not changed. 1230 then 1253 is next on top. The Dow is unchanged on the year, the Nasd is up 140 points, with 1253 being last years close in the S&P. The dips in … Continue reading →