Pro Tips

EURO

Posted on 06/09/2011

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.

A.M. Look 6/9/11

Posted on 06/09/2011

This morning shows 127.19 to be a level of great interest in the (M) 30 yr. Bond. Price rejection at this level could lead to a double top pattern on the weekly. Bonds are getting into overbought territory. If this happens … Continue reading →

Days End…Euro…Nasd 100…Russell…Midcap

Posted on 06/08/2011

We’re using a 4 p.m. NYC close ( same time as the NYSE) A close below 145.50 and we’re out of our long Euro. As of now the Nasd looks to confirm the short equity indices trade. A close below 2266 Futures (If … Continue reading →

PAAS QTRLY CHART

Posted on 06/08/2011

This is a big monthly (QTRLY) game playing out in Paas on a multi-year swing. A close over 30.66 is needed June 30 to keep the pattern alive by not putting in an outside reversal lower QTR. If this does … Continue reading →

USDA CROP REPORT…CORN, WHEAT,JJG

Posted on 06/08/2011

The crop report will be coming out tomorrow. The shorts appear to be on the run today. The Corn P&F sent Monday has not broken down. Wheat did not quite get to our optimal buy zone. Why am I going … Continue reading →

EURO

Posted on 06/08/2011

It’s the right time of the day for a low to be put in for the Euro. You’re seeing the last of the selling out of London, which can trail on for another hour. I am going to buy a … Continue reading →

EURO…Metals…PAAS

Posted on 06/08/2011

I am looking at buying the Euro down in this area today. The Number you have to trade against ( use as a stop) is 145.50 Close. Along that same theme buying weakness in the metals is also on the … Continue reading →

A.M. Look 6/8/11

Posted on 06/08/2011

The Nasd will have a total breakdown with a Futures close below 2266. AAPL… 322- 324.80 will be another good market tell. This represents the last of the monthly support and the 200 day mvg avg. Only sustained price action … Continue reading →

EUR/CHF

Posted on 06/07/2011

122.60 EUR/CHF will be a tough level today in this cross. This simply means DO NOT BUY STRENGTH IN THE EURO at this time. You’re actually seeing the Swiss run out of upside momentum based off this cross. The currencies … Continue reading →

A.M. Look 6/7/11

Posted on 06/07/2011

We had a swing and a miss in the Corn yesterday. At least it was over fast! Our plan is to keep selling the rallies in the equities. Currency traders should be very wary of selling any kind of weakness … Continue reading →