Pro Tips

S&P 500 ….Price Action

Posted on 08/04/2011

The Spu took out yesterday’s low and trapped the shorts once again. If your view is Bullish, a new low is your stop. You will need all new price action over 1240 for confirmation.

Stocks… S&P 500

Posted on 08/04/2011

That was a nice rally to nowhere in the SPU..We’re caught between 1237-48 for the moment. Investors who bought OXY and AAPL should use a break-even stop SPU starts heading south, we’ll see the 1188 area.

A.M. Look 8/4/11

Posted on 08/04/2011

I wrote the Bulk last night…. Obviously ETF Traders were hamstrung until this a.m. S&P 500…Today we’ll look for price rejection in the mid 1270’s the first time up. The pit 200 day is app 1283. A lot of good … Continue reading →

Yen Intervention

Posted on 08/03/2011

Cash or Futures traders be out of 50% of your short Yen, LONG USD/JPY, any where close to 79.50 USD/JPY! (App 125.75-126.00 Futures.) If you’re awake and involved start scaling out of some! —

S&P 500 Futures

Posted on 08/03/2011

1258 is the Point_&_Figure resistance matching 1261 Fib resistance. Traders playing from the long side should lighten up here.

Copper…Pattern Alert

Posted on 08/03/2011

Potential outside reversal weekly pattern..The key level to close below is 437. Having said that, we are into support on the daily and weekly maps. If short, it’s a good place to tighten up your risk and pay for your … Continue reading →

YCS…FXC

Posted on 08/03/2011

Currently we are short the Yen via ( Long YCS ETF) We will spread this up by buying the FXC ( Long Canadian Dollar ETF)@ the Mkt. “Currently trading around 103.20”

Risk On

Posted on 08/03/2011

We have currently just added some long portfolio exposure that we took off May 2 in OXY, as well as some of you re-buying some AAPL. If the stocks can’t find footing after 12:30 Central I’ll likely go neutral these … Continue reading →

OXY…AAPL

Posted on 08/03/2011

A couple of months ago I was looking to re-buy OXY around 90. I would have preferred to have that price match up with 89 dollar oil. Bottom pickers…this is the right day of the week,with an oversold condition, and the … Continue reading →

S&P 500 ….Price Action

Posted on 08/03/2011

The market acts horrific.. New shorts will be initiated on new lows. You’ll see these new shorts getting trapped all day. Day- Traders, be patient for the small pops. Until you get price action back above 1254 the shorts are … Continue reading →