Pro Tips

S&P 500…General Game Plan

Longer Time Frame Investors.. Break your existing holdings into two pieces. The first piece will be exited in the mid to high 1190’s. The second piece will be exited around 1215. This will have us out of all our longs. … Continue reading

A.M. Look 8/12/11

Today will be another price action day. The overnight low in the Spu was a natural retest to the downside from a major technical resistance level. So far the re-test held. Now we will wait to see how the market … Continue reading

Recap…Sellers Remorse

Major resistance is major resistance…Since my clientele have differing goals..here goes. Long term private wealth guys were looking for a low risk area to bottom fish..They do not wish to be in and out….that is why we only took half … Continue reading

S&P 500…SSO

Just a reminder we will be taking 50% of our profits off the table by the close! I will leave it up to you to see if we get one more push up in the last 30 minutes of NYSE … Continue reading

General Price Action…Stocks

We’re going into the end of this capital flow in the next few minutes. Those wishing to be extremely conservative should take 25% of your longs off. The afternoon can be a whole new ball game. The market will need … Continue reading

S&P 500 Futures…SSO

1178- 1185 is still the major resistance level in the Futures, with a close over 1186 being positive. We will sell 50% of our long positions no matter what instruments we’re involved in based off this S&P Level!!!!!!!!!!! Place your … Continue reading

Single Stocks…Grain Names…Metals

Investors who wish to be involved with individual instruments should consider IBM,MMM,Cat,OXY,XOM,JNJ to name a few. The Grain names have already bottomed. The trade location is not good in this sector, however a close over 68.30 in MON ( 200 … Continue reading

EUR/CHF…Technicals

107.70-108.20 is the first big Fib Zone. 109.50 is next.

SSO…S&P 500 Futures…RISK ON

I am going to give it a go for Risk On. Buy the SPU or the SSO with a stop below today’s low.

EUR/CHF…Pattern Alert

A close over 105.22 is needed for an outside daily reversal pattern. I am watching this level to see if it correlates with an end to the general RISK OFF TRADE.