Pro Tips

A.M. Look 7/14/11

Posted on 07/14/2011

Mildly jet lagged here, and trying to get a handle on the Risk On Risk Off schizophrenia. The only safe trending trades have been the Grains and Metals, as traders buy the dips to park money. 1580, Gold, looks to … Continue reading →

A.M. Look 7/12/11

Posted on 07/12/2011

Just a couple of observations…. S&P 500 came down to where the rally started 2 weeks ago. The P&F chart now looks like all new weakness under 1298 or strength over 1318 is needed for directional follow through or change. … Continue reading →

A.M. Look 7/11/11

Posted on 07/11/2011

Today traders should pay close attention to last Friday’s lows in the Equity indices and 118.07 EUR/CHF. There are stops building under these lows. This will make today another price action trade. Pressing follow through the first time at these … Continue reading →

ROAD TRIP

Posted on 07/08/2011

I will be in Europe meeting with clients next week Do not expect updates through mid week Use a break-even stop for the EWH AAPL…use a 354 stop close on any remaining longs. AUD/USD…For those of you who are trading … Continue reading →

SPU/BONDS…New Clients…Explanation Request

Posted on 07/08/2011

It’s tough to write a book when things are moving and the information is time sensitive. My long time clients do not need an explanation, just a heads up. This is the Long S&P 500 Futures vs. Short 30 year … Continue reading →

SPU/BONDS

Posted on 07/08/2011

They just got Europe to puke on their close….Do not press equity shorts.. The 30 year just rallied to 50% back on the year @ 125.. Pay attention! This is a perfect time to reverse this spread.

AUD/USD

Posted on 07/08/2011

If you’re not already Long, Take a small position, Long the Aussie, with a stop below today’s low.

CQG_Chart_S&P_500_(Pit)_Daily_Continuation

Posted on 07/08/2011

1337 will be critical daily resistance during the day session. 1326.50 will be a key closing level, even more critical than 1335.75. Price action 101…Spu’s have to hold 1331 and get back above 1337…A failure to do so leaves an … Continue reading →

USD/CHF…Swiss Franc Futures

Posted on 07/08/2011

A close under 83.79 USD/CHF puts in an outside reversal day to the downside ( up in Suisse strength) The corresponding futures #’s are 118.80 Pit session….119.40 all session for the Sep Futures. These closes should be watched to confirm … Continue reading →

SPU…AUD/USD

Posted on 07/08/2011

1335.75 is the key level in the S&P 500 Futures. ( a close below puts in an outside reversal all session pattern) This matches 107.22 in the Aussie…. We need to maintain above these levels for the market to rally … Continue reading →