Pro Tips

AAPL

329.42….continued price action under this level is very negative the NASD. This is a monthly #…. Watch for Market Tone

STOPS For Current Holdings

S&P,Russell,Midcap,Nasd…(whatever your chosen instruments) we are using stops over yesterdays futures highs on a closing basis to manage our shorts. TBT…same stop as yesterday 32.20 PAAS..Needs to hold right in here. Gold & Silver…The charts in both look vulnerable to … Continue reading

A.M. Look 6/10/11

Just a note..The June currency futures expire Monday @ 9:15 a.m. Central Time. Equity index futures ( S&P…NASD 100…Midcap 400…Russell) expire Thursday @ 3:15 p.m. Central. June Bonds and July Oil expire the following Tuesday 6/21. You have noticed that … Continue reading

Equity Indices

The indices seem to have bottomed for now. So the first step is to manage our shorts ( long ETF’s like SDS). We’ll await further price action tomorrow before we close out these positions. We’d like to see confirmation that … Continue reading

Price action…Risk on…REE…JJG

A close for the Midcap (M) over 952.10 today would confirm a short term low in stocks. Closes above 1287.75 in the SPM June Futures will have us cover our short S&P futures via either selling our long ETF’s or … Continue reading

Why the TBT?… Corn sell order.

Early this a.m. we spoke of the need to watch the possible double top in the Bonds as a signal that the S&P would hold based off how the “Long SPU/Short Bond Spread” works. It’s a capital flow thing…Are investors putting money … Continue reading

CORN

Sell some of your Corn ETF @ the market. Do not wait for 48.60

TBT

Buy the TBT @ the market with a 32.20 stop. I am doing this as a hedge against my short equity indices.

JJG…CORN Etf’s…S&P

We are taking 2/3 rds of our JJG off at 59. CORN ETF… Take a piece off @ 48.60..if and when the JJG trades 59 you should be out of all remaining CORN positions SPM ( June S&P Futures) a close today … Continue reading

EURO

The Euro is not showing me any love. I am not enamored with the current chart pattern. let’s sell the euro at the market and take a small loss and forget it for now.