Pro Tips

OIL…Risk On Trades

97.13 was the outside reversal close in the oil. All new closing strength over 97.13 is needed for more upside. It does not have to go any higher for now. Tighten up all remaining long (RISK ON) parameters across all … Continue reading

AUD/USD…AUSSIE DOLLAR

As of now, last nights low in the Futures and the Cash should be quite telling for the whole “Risk On” scenario. If the stocks hold early short term traders will have less risk buying the Aussie on a dip … Continue reading

A.M. Look 7/5/11

Today our Time focus will be the first half hour of NYSE trading. We are particularly interested to see if there will be any residual buying left over from last week. You should have already paid for your stops in … Continue reading

Gold & Silver…Risk On

GLD & SLV Etf’s.. Admittedly I got stubborn with this trade! Definitely the worst trade I’ve had in the past 3 years. I hate taking a great trade in the equity indices and turning it into nothing someplace else. If … Continue reading

A.M. Look 7/1/11

The Aussie ,Canada,Suisse and EUR/CHF are all in play today. Please refer to the recap levels yesterday. 122.96 EUR/CHF should be a difficult level. The straight Suisse futures are attempting to put in an outside reversal week, however the USD/CHF … Continue reading

Recap..

We have paid for our stops in the equity index futures. If you haven’t already, pay for your stops by the close in the miners. I.E. Sell a portion of your long position, so no matter what happens, you do … Continue reading

CQG IC Chart…ZCE..Corn Weekly Continuation Globex

$6.18 is a full 1/3 rd re-trace of the bull market that started last June. This is a front month July #. The volume is in SEP. contract which is locked Limit down. I also like the JJG low for … Continue reading

Stock Indices

We’re at the type of level that I like to pay for my stops and let the rest ride. So, sell a little and pay for your stop.

Swiss Franc IMM Futures (SFU)…USD/CHF

118.20 is the keno Pit futures weekly closing Number for an outside reversal weekly lower close. That’s app 84.65 USD/CHF. The weekly # in USD/CHF is a close over 85.19

EUR/CHF…Precious Metals

Long Euro/Short Suisse 121.50 now becomes the weekly focus in this cross. A close tomorrow, above, will put in an outside reversal week to the upside, signaling an interim bottom. Last months close was 122.96, which should cap the rally … Continue reading