Pro Tips

Bull or Bear?

Posted on 03/24/2011

Time to pick a side. If you’re bearish stocks sell the Aud/Usd with a stop over last night’s high. Futures traders should use a stop 12 ticks over the day session high. We’ll see what we get. Investors that are … Continue reading →

A.M. Look 3/24/11

Posted on 03/24/2011

Spu/bonds are still going after the rejection of the old continuation double top in the Bonds of 122.08 from earlier in the year ” This was the # that the March contract took 2 months toget over. It’s has proved … Continue reading →

Aussie

Posted on 03/23/2011

I was looking for 101.65 ish last week to sell, unfortunately sometimes the prices we want to see do not print when we want them to. 101.65-95 now becomes a huge pivot level. A close above this area and the … Continue reading →

A.M. Look 3/23/11

Posted on 03/23/2011

I must admit when I went to sleep last night that I thought you’d see a little more follow through in the SPU/BOND spread into today ( More weakness in the stocks and strength in the 30 Yr.). The Spu … Continue reading →

CCJ…REE

Posted on 03/22/2011

CCJ…short term res is at 32.87…36.40-80 is the level that longer time frame traders should take at least 50% of this trade off. The stop we will use for our longs will be 28.70 close. REE…Any investor that picked some … Continue reading →

A.M. Look 3/22/11

Posted on 03/22/2011

Nothing is doing in the markets except for the Dollar getting beaten up again. This theme should maintain until month end. 101.60-70 AUD/USD will be a big closing pivot. You can sell against this level to see if you get … Continue reading →

A.M. Look 3/21/11

Posted on 03/21/2011

We’re back to normal and it’s another “everything is wonderful Monday”. A few levels to pay attention to today, 1295 in the S&P is 1/2 the way back for this swing, The Aussie can still trade back up to 101.60 … Continue reading →

Match Game

Posted on 03/17/2011

The Bund is at it’s support and pivot zone. TBT need go no higher..USM shorts will not get rewarded here. AAPL has rallied to test it’s reversal level of 338 ish ….Stocks are stuck for now….You have futures expiration this … Continue reading →

A.M. Look 3/17/11

Posted on 03/17/2011

Just a follow up to the yen piece last night, USD/JPY is in a 40 year bull market! The levels in the crosses given last night were retested and rejected. Markets can go directionally farther than you have money to … Continue reading →

Was that the low for USD/JPY?

Posted on 03/16/2011

Ok this was for the A.M. I do not wish to get into the habit of commenting at night! First a brief fyi on the Yen price action. Shades of 1995 and before when that type of currency movement was … Continue reading →