Pro Tips

Price Action…Risk On…Oil,Miners,Gold

Posted on 06/21/2011

There are many instruments showing bottoming chart patterns. Yesterday we spoke about the Oil Etf’s, today should have you looking to the Miners for value: GDXJ,NEM,PAAS,BHP,FCX,SLW all have similar patterns… A close today in AAPL above 320.30 is positive, further … Continue reading →

A.M. Look 6/21/11

Posted on 06/21/2011

Late a.m., the trading community will be watching for signs from Greece. The afternoon should provide even more entertainment than the early a.m. with the Fed minutes. Today is also Bond Futures expiration. The Expiration takes place at noon CDT. … Continue reading →

AAPL

Posted on 06/20/2011

Since everyone is fixated on it…310 is Dr. Nenner’s model Hold #…FYI..I am a big fan of these levels based off his technical model.. This is a closing #….The next significant level below comes in App 295-300. Watch for tone….this … Continue reading →

USO…OIH…Crude

Posted on 06/20/2011

Those looking for a low risk buying opportunity today should focus on the oil ETF’s. USO, has a potential double bottom on the weekly charts forming, with 36 seemingly the downside risk. OIH..the 200 day is app. 140.80, has the … Continue reading →

A.M. Look 6/20/11

Posted on 06/20/2011

A close today under the following levels in the Futures can lead to another swing down in prices: 1259 S&P, 2185 NASD,777.20 (also the 200 day) Russell,922.80 Midcap 400 ( with 200 day app 913). The bigger levels coming down … Continue reading →

A.M. Look 6/17/11

Posted on 06/17/2011

I am getting that risk on feeling..Let’s keep it simple today.. Sep SPU holding above 1270 is positive…closing above 1274 and we’re doing the retraces back up. Nasd the #’s are 2200 for positive and a close above 2216, we … Continue reading →

Recap

Posted on 06/16/2011

When markets are trying to top or bottom price action is generally violent. Couple that with the qtrly chart patterns in play, and it’s a game only for the professionally nimble day trading flippers. We were looking for this kind of … Continue reading →

The Big Game

Posted on 06/16/2011

let me just touch on this one more time. The Stock indices have just come down to their respective “Qtrly” outside reversal #’s and held. These are Monster levels!! Closing below these numbers would be cataclysmic at month end. In … Continue reading →

Trailing Stops S&P 500 Futures…SDS

Posted on 06/16/2011

The lows in the currencies and the Equity indices (highs in the Bonds) are good for now.. Let’s use a 1268 (SEP S&P Futures) intraday trailing stop on the remainder of any outstanding positions. ETF traders…if you want to pick … Continue reading →

SPU/BONDS

Posted on 06/16/2011

Pay attention to this game!! The June 30 year just got the stops above the previous double top of 127.19. The S&P and Nasd 100 Futures are at big levels… Pressing the short side of the stocks indices or buying … Continue reading →