Pro Tips

Price Action

Posted on 05/16/2011

EUR/CHF needs under 125.10 for more Euro weakness. Selling Euro,GBP, Aussie or Canada on weakness can  prove hazardous to your equity. The Pounds,Canada,Aussie and EUR/CHF have all held for now. Today’s early A.M. lows matching Fridays lows are holding  at … Continue reading →

A.M. Look 5/16/11

Posted on 05/16/2011

S&P…there are only 2 levels of significance: 1321 unchanged on the Quarter and 1290 which is the # we need to close below for an outside reversal month. Closing below these levels and there will be a lot more downside … Continue reading →

30 Year Bonds… Reminder

Posted on 05/13/2011

We have been filled on selling 50% of our long Bonds @ 125.03. TLT traders should’ve lightened their load. For the remainder of the 30 yr futures we’ll use an OCO ( one cancels the other) sell order. Sell either @ … Continue reading →

JJG…SLV…Gold

Posted on 05/13/2011

Use a break even stop on the remainder of any of these positions. A close today in the S&P lower on the week 1334 is highly negative the commodity trade in general. Pay attention to the currency levels. Markets will … Continue reading →

SPU/BONDS

Posted on 05/13/2011

Buy 30% of your spu shorts in at the market and sell 30% of your bond longs at the market. Adjust all remaining orders accordingly.

EUR/USD…Weekly Continuation

Posted on 05/13/2011

The technical levels coming down in the Euro are 141.40,140 and 139. Pay close attention to the British Pounds! A close today under 161.60 cash app 161.25 futures is a Dr. Nenner go short #. So beware of the match in … Continue reading →

Beware the Contra Trend Running of the Lemmings!

Posted on 05/13/2011

The low in the S&P is a really good low for now and sustained price action is now needed below this level for further S&P weakness. We’re leaving the stops as is. Euro…we were looking to sell this currency against … Continue reading →

U.S. Dollar…SLV

Posted on 05/13/2011

The Dollar still acts bid and investors who bought the Silver yesterday should sell 30-40 % of the long SLV position to pay for the stop.

A.M. Look 5/13/11

Posted on 05/13/2011

There is not much to say this a.m.except we’ll use the stops listed last night for our SPU/BOND spread as intraday #’s. The Euro, Aussie,and AUD/JPY are flirting either side of unchanged on the week, and as of now, seem to be a … Continue reading →

The Contra Trend Running of the Lemmings

Posted on 05/12/2011

That’s 2 days in a row that the computers are creating a huge flow contra the early show just as London closes ( the absolute lowest volume time of the day). We will be using a day session 1353 buy stop in … Continue reading →