Pro Tips

Price Action SPU/BONDS

Posted on 08/18/2011

Day Traders… I am personally in no mood to bottom pick, however I would pay attention to the 1150 level in the Spu and 139.18 in the 30 Yr bonds to see if any contra trend trades are generated off those levels … Continue reading →

A.M. Look 8/18/11

Posted on 08/18/2011

The Board is all Risk Off this a.m. For now I will be content to watch for a bit to see if there will be a low risk spot to participate a little later in the day. Model Trading Portfolio…Current Positions … Continue reading →

A.M. Look 8/17/11

Posted on 08/17/2011

Today will be another very technical day of trading the stock indices and the bonds. In currency land the Swiss Franc is of most interest. Last night it made another attempt to breech 80 USD/CHF. Closing over this level would signal … Continue reading →

A.M. Look 8/16/11

Posted on 08/16/2011

I have no great ideas this a.m., just a couple general observations: USD/CHF looks to need back over 79 USD/CHF ( app 126.75 futures) for the board to have a risk on footing. AUD/USD & EUR/CHF highs yesterday were both … Continue reading →

S&P 500 Futures…SSO

Posted on 08/15/2011

I was looking for that last final squeeze up over 1198 futures. So far no cigar. If you have not already taken your profits, I recommend doing so within the next 30 minutes.

S&P 500 Futures…SSO…AUD/USD

Posted on 08/15/2011

Any price action over 1197.75 today will be used to liquidate the rest of our longs. That’s right, although we may rally a further 20 points I am taking the money! 105.05-25 Aussie should prove troublesome the first time up as … Continue reading →

A.M. Look 8/15/11

Posted on 08/15/2011

I have no great insight this a.m. I am just going to watch and let the day develop. Later in the London session we might get a hint as to witch way traders are willing to place bets going into tomorrows Sarkozy-Merkel … Continue reading →

General Price Action S&P 500

Posted on 08/12/2011

It’s been a long long week with unlimited opportunity from both sides of the market. The present price action leaves me nonplussed. Longer Term Investors can leave a small piece of your longs on with the trailing stops if you … Continue reading →

GOLD

Posted on 08/12/2011

Gold has rallied so hard that $100+ swings should not surprise anybody. It’s a great short term flow trade in this type of environment. This type of price action was a common daily occurrence between 1979-81. The stops in the … Continue reading →

S&P 500

Posted on 08/12/2011

Sell another 25% @ the market. We know the 1186 level is big. I thought after last nights attempt lower that we would try to rally to the unchanged level on the week of 1197. We could still see that … Continue reading →