Pro Tips

USD/SEK… SWEDISH KRONA

The Krona is coming into a very important and pivotal level as shown on the chart. Watch for tone…this currency has been a great indicator for the Risk Off Trade.

SPU/BONDS

Per yesterday…I was looking for a 126.16 print in the 30 YR. We just got it! Those of you who are pressing shorts in the equity indices….Beware.

Bunds….German 10 Yr.

Over the past several years this instrument has proven to be one of the best technical trades around. You need a futures account to trade this one. 126.62 is last Qtr’s high. It is attempting to put in an outside … Continue reading

A.M. Look 6/23/11

I’ll say it now and get it out of the way, that was the shortest long term trade I’ve done in a long time ( JJG). Now new business.. We added to our core long precious metals holdings yesterday. Obviously … Continue reading

Recap…

We were stopped out of the JJG. We did add to our Long Gold and Silver ETF’s today. We’ve attached a Nasd 100 futures point & figure for a visual. 2220 ish becomes 1st support and remains a pivotal level … Continue reading

Metals…Miners

Per yesterday’s A.M. Look.. We will be increasing our long metals exposure with a close over 1552 August gold. “This is a live order”…. We will do this via the ETF’s GLD & SLV.. The Miners should also be on … Continue reading

A.M. Look 6/22/11

Today should be a day for the technicians. There is a big mid-week game afoot. Have the markets bottomed or has the past 2 days been one huge rally to nowhere? If you’re bullish you want to find a place … Continue reading

Recap…The Running of the Lemmings..Redux

Yesterday saw the shorts get trapped in the Oil patch, today it was the Miners and AAPL leading the charge from a very oversold condition. Food for thought: was yesterday’s low in AAPL ( 310.50) @ Dr. Nenner’s # of … Continue reading

JJG

I am buying a 50% long position back in the JJG. While I am not particularly enamored with the risk reward profile in the grain futures at this level, I do like the risk profile in the JJG. 51.13 is … Continue reading

JJG…Wheat…Oil & Metals

A close today for the July Wheat above 6.74  will have us buy a 50% position back in this ETF…There are several reasons for getting back in. 1) The risk on scenario, 2) The chart pattern is similar to the … Continue reading