Pro Tips

Risk On?

I’ve been flipping through the chart patterns of many well known names. CAT,OXY,FCX,BHP,DIG,DE to name a few. For the most part all these patterns are very similar to the S&P 500 Futures. The Spu has gotten the stops over yesterday’s … Continue reading

AAPL

Let’s focus on the here and now. AAPL and the Nasd 100 futures have been trading in tandem the past couple of weeks. We Identified the 355 level as good support matching 2030 area in the Nasd 100 Futures. Presently … Continue reading

Punters Alert…(BAC)

I am going to place an order to buy some BAC ” Bank Of America” @ $2.60. I’m fishing for a double bottom off the 2009 low. Don’t bet the farm but it’s worth a shot. If you aren’t equipped … Continue reading

A.M. Look 8/23/11

The action should continue to be volatile over the next few days. The first S&P # is 1160…The 30 yr. Bond traded the first support level of 138.28 last night. 138.02 is next. Oil..84.12 is the closing pivot…today’s first resistance … Continue reading

A.M. Look 8/22/11

We’ve been Risk On since early Asia. If you wish to play for a bounce you should use last night’s low’s in the indices or Friday’s lows in single stocks for risk management. The board is all SPU/BONDS ( Long Stocks … Continue reading

AAPL…Nasdaq 100

General price action: As long as AAPL keeps holding 355 the Nasd 100 futures looks to hold the 2030 area. We’ve been down there 3 times and held. All the Indices price action stinks! AAPL is the beneficiary of a … Continue reading

S&P 500 Futures…U.S. Dollar…SPU/BONDS

So far it’s been an opening range trade. Sustaining above this level (low 40’s)…1160.50-1182 is the area that crushes the longs again and will provide Bears with a place to look for reversals and selling opportunity. If we see these … Continue reading

A.M. Look 8/19/11

Risk Off is still in full swing. I do not expect any change in that footing today. New lows or highs in any instrument are not to be chased or pressed for direction!! Nasd 100 Futures…2030 ish is the big Fib … Continue reading

GOOG…NASDAQ 100 Futures

505-506.50 Google is a very significant pivot area. We rallied 120 points off this level…here we are again! Closes under this level can precipitate another leg down in the Indices. Watch for market tone!

SPU/BONDS…General Price Action…GS

The first question: is today’s high in the Bonds and the Low in the S&P it? We know that it was a great place for a reaction trade, the Bonds will now try to seek out an eventual 138 print ( which … Continue reading