Pro Tips

Russell….Nasdaq…Short Etf’s

Posted on 06/06/2011

RWM ( Russell)…PSQ ( Nasdaq)…These are two short ETF’s. For guys that are uncomfortable selling rallies in the futures, these could be a way to play the downside while minimizing your risk and still being able to sleep at night. The Nasdaq futures … Continue reading →

S&P 500

Posted on 06/06/2011

We’ve been ostensibly out of all major long equity positions since May 1. We have caught pieces of both swings down in the stocks indices as well as some nice long side rides Mid- April into the first of May. … Continue reading →

CQG.. Corn ( July) all session_Point_&_Figure_25x3

Posted on 06/06/2011

Here is the Corn Point & figure.. This is a great visual. This is a 5 cent look at a level with defined risk. This is the type of Risk -Reward trading you want to do. This is a big … Continue reading →

A.m. Look 6/7/11

Posted on 06/06/2011

First a BIG Thank you for the hospitality and warm welcome shown by the San Francisco Traders Association this past week. I should be able to focus by Thursday! We would also like to thank the Mad Hedge Fund Trader ( … Continue reading →

A.M. Look 6/3/11

Posted on 06/03/2011

It’s very early in my particular time zone, the markets still show a risk off stance going into the unemployment # this a.m. The S&P #’s written will be as previously stated. ( 1309 close is the focus). It’s either Risk On … Continue reading →

S&P 500 Futures…Euro..Aussie

Posted on 06/01/2011

1309 is the weekly ballgame in the futures. Closing and sustained price action under this level in all likelihood will lead to a trip to the lows of the year.This is a Friday closing level. Extreme care has to be … Continue reading →

NASD…SPU…BUND…

Posted on 06/01/2011

2347-2339 is the area in the NASD that can trap the shorts. The NASD will need all new weakness under 2339 for follow through from this level. SPU..The game here is again which chart is the correct chart to follow, … Continue reading →

Day Traders…30 Yr. Bond Futures

Posted on 06/01/2011

June…front month rules…Short term traders…anyone attempting this trade should only look for a reaction to 126.09-11 (M). You should be out of 70-80% of the trade against this level and leave a break-even stop on the rest to see what … Continue reading →

30 Yr. Bonds…Day Traders

Posted on 06/01/2011

We have just come up to 127 June which is a Charles Nenner tgt #. Day traders should look for price rejection at or around this level. You should not risk more than 6 ticks if you are trying this … Continue reading →

A.M. Look 6/1/11

Posted on 06/01/2011

It’s the first of the month again, let’s see how much buying we get from the cost average crowd in the equity indices this a.m.,Specifically we want to watch the early time frames for reversals of capital flow into 9 … Continue reading →