Pro Tips

A.M. Look 6/16/11

Posted on 06/16/2011

Let me re-state that we are a custom shop that does much of our work on request. The majority of our clientele are professional full-time traders who’ve been around the block (presumably, adults that can make up their own minds … Continue reading →

Recap..

Posted on 06/15/2011

A point someone brought up late today was that I had no position in the NASD.. That’s correct..However, many of you do have on all or some of the correlated trades whether it was short the Midcap,Russell,OIL, long dollars ect., … Continue reading →

End of day orders….Nasd…S&P

Posted on 06/15/2011

Nasd..I am covering all my short NASD @ 2192. If we do not get filled near the close I suggest taking 50% of remaining shorts off in the Nasd…If you get filled on all your Nasd @ 2192 take 50% … Continue reading →

Grains

Posted on 06/15/2011

We have been stopped out of the remainder of our long term grain positions.(JJG and the Corn ETF)

Game plan Equity Indices…Pattern Alert Oil

Posted on 06/15/2011

We are exiting all short equity indices if and when the Nasd gets the stops under last qtr’s low of of 2192. Oil..Macro stops are below 95.50. A close below 97.13 puts in a daily outside reversal lower pattern ( price negative) … Continue reading →

Resend…Qtrly levels

Posted on 06/15/2011

There are big natural resting stops below these #’s in the Indices…Keep them in front of you. There is a huge end game setting up for the end of the qtr. ( this months close). A close under 1249 in … Continue reading →

Mid-Week Shuffle

Posted on 06/15/2011

It’s the day before equity index expiration,Full Moon with Nasd re-testing the 200 day mvg. avg and Unchanged on the year ( last years close… 2216) Decision time: it’s up to every investor to chose his particular style of trading, do you … Continue reading →

A.M. Look 6/15/11

Posted on 06/15/2011

EUR/CHF failed to get close to the big short term buy stops yesterday above 123.20 Straight USD/CHF needs all new strength over 85.50 for more Swiss weakness. Translation be wary of selling weakness at these levels in the Euro and … Continue reading →

Clues to the Show

Posted on 06/14/2011

We’re looking for confirmation of follow through in the equities to the upside. I’ll start looking at the Aussie and the Canada for that Risk on feeling. The numbers I am keying off of are 107.10 ish in the AUD/USD ( above … Continue reading →

JJG…Price Action

Posted on 06/14/2011

Just to review we bought the last time down to the 200 day mvg avg. just below 50. We took 1/2 off  just above 55. We were waiting for a weekly close above 55.26 for confirmation of more follow through … Continue reading →