Pro Tips

Crude…IBM

Posted on 07/19/2011

98.54 basis (Q) looks to be the top of this rally for now. Do not press direction. IBM has been on a huge tear. Based on the RSI’s, price action up here does not look sustainable. Pay attention to mid-day … Continue reading →

USD/CAD…Canadian Dollar…FXC

Posted on 07/19/2011

The monthly stops are just below 94.45 USD/CAD ( app 105.76 Futures) Upon a breach of the stops, We are selling 25% of our long FXC position to pay for our stop, which will then be raised accordingly.

A.M. Look 7/19/11

Posted on 07/19/2011

We’d like to thank John Thomas, “The MAD HEDGE FUND TRADER”, for an insightful and entertaining luncheon at his Chicago event, it’s always a pleasure! Lemming Effect Trading…yesterday was more of the same…we sent out the Swiss and EUR/CHF charts … Continue reading →

USD/CHF…Suisse

Posted on 07/18/2011

USD/CHF is over sold on all the long term time frames. A close or sustained price action over 82 USD/CHF (under app 122.02 futures)would put in an outside reversal day. Attention should be paid to see if this can generate … Continue reading →

EUR/CHF…LONG EURO/SHORT SWISS FRANC

Posted on 07/18/2011

Everyone has been selling Euro since the opening bell in Asia last night. EUR/CHF has quietly rallied a figure from the early lows in NYC session.I am sending this chart as a visual aid for any Euro bears! This cross … Continue reading →

A.M. Look 7/18/11

Posted on 07/18/2011

The fear trade continues…Short Euro/Long Metals.. 1298-1302 S&P 500 futures is still a key technical level. This continues to be a market for short time frame traders, while stocks like AAPL have become the recipient of a seeming flight to … Continue reading →

CANADIAN DOLLAR…USD/CAD

Posted on 07/15/2011

ETF traders can buy some FXC before the close today..We’ll honor the chart pattern. The current stop is 102.45, it’s trading at 104.22 Cash or Futures traders might be better served by waiting until Sunday to assess the price action … Continue reading →

Canadian Dollar…USD/CAD

Posted on 07/15/2011

A close below 95.58 USD/CAD puts in an outside reversal week in Canada. The commensurate futures price is a close above 104.32 ( pit) 104.37 ( all session). We’ll use 104.37. Closing over this level in the futures ( below in USD/CAD) … Continue reading →

A.M. Look 7/15/11

Posted on 07/15/2011

Let the day set up. Most traders are worn out from the recent moves. It’s been a scalpers paradise. I have been inundated with e-mails from long term investors wishing to initiate new buy and hold positions.  As of now, everything seems … Continue reading →

OIL…SPU…GOOG

Posted on 07/14/2011

Oil just retraced 50% of the recent swing. You should not be looking for a trade in here. SPU… needs under 1298 for further loses. GOOG…This is the kicker today. You have a weekly double bottom @525.30. 521.18 is the … Continue reading →