Pro Tips

OIL…DIG

Posted on 06/28/2011

92 level in oil matches 51.65 in the DIG ETF..( first good resistance) All new strength is needed over these levels for follow through to the upside.

A.M. Look 6/28/11

Posted on 06/28/2011

Let the day unfold. There is not much to talk about right now. The Greek vote will be a market mover. 126.52 in the SEP Bund will be a major level going into Thursdays close. A close over this level … Continue reading →

USO & DIG Oil ETF’s….OIL

Posted on 06/27/2011

A close today above 35.88 puts in an outside reversal day to the upside. If the equity indices are going to remain firm, this will be a place to look. Also, Dig now starts to look interesting again. Support is … Continue reading →

EUR/CHF…NEM

Posted on 06/27/2011

We have a weekly double bottom pattern @ 118.08 in this cross. A close today @ 4 P.M. EST over 119.67 puts in an outside reversal day to the upside. This means the Suisse should weaken relative to the Euro. … Continue reading →

A.M.Look 6/27/11

Posted on 06/27/2011

There is a huge end game setting up for the end of the qtr. ( Thursday’s close). Last night’s lows in the equity indices are key levels to watch if the indices are to hold. We will be in wait … Continue reading →

EUR/CHF…Qtrly Chart

Posted on 06/24/2011

We’re back to my favorite look for the past 2 qtr’s, EUR/CHF. In Sept 2010 I wrote a piece as to the condition of this cross. We stated to not be short the Euro when the entire street said yes. … Continue reading →

GLD & SLV… ETF’s Reminder

Posted on 06/24/2011

We will be flat these ETF’s going home. I.E. We will have no positions in these or any other instruments.

A.M. Look 6/24/11

Posted on 06/24/2011

Chart patterns…will the metals hold? Both of these metals have “Potential” outside reversal weekly patterns to the downside. For now they are holding… We will need a close today above 1511 in the Gold, and 34.40 Silver, to maintain the … Continue reading →

Recap…Food For Thought

Posted on 06/23/2011

We’ve been bailed out by Greece? Truly frightening! Matches….the importance of matches! We try to paint a picture to illuminate the best set ups. Today you saw that, both the Bund and U.S. 30 Yr., achieved their near term tgt’s. The Sek … Continue reading →

Pattern Alert…Gold & Silver

Posted on 06/23/2011

Both of these metals have “Potential” outside reversal weekly patterns to the downside. For now they are holding…We will need a close tomorrow above 1511 in the Gold, and 34.40 Silver, to maintain the weekly patterns. Closes under these levels … Continue reading →