Pro Tips

SPU…USD/CAD

Posted on 03/02/2011

You’ve seen the re-test of the reversal close of the all session chart of 1313. Let the market digest for the next few hours. The easy money is over for the day. This goes for the currencies as well. The … Continue reading →

A.M. Look 3/2/11

Posted on 03/02/2011

Pick a side today and trade your technical levels with tight stops. Oil will continue to drive the equity markets in the near term. The only stand out pattern on the board from last night was the 30Yr. futures finally … Continue reading →

Euro…Metals

Posted on 03/01/2011

Right now this dog won’t hunt.. The days pit low matches unchanged on the month. This is the pivot, and the Euro is presently firm on the crosses. Short term traders should just close it out and wait. Longer time … Continue reading →

A.M. Look 3/1/11

Posted on 03/01/2011

Bernake testimony will be the key news driver today. The Euro is still holding the resistance on the chart pattern and we would like to see the Dollar close higher today across the board. Again, there is no need to … Continue reading →

Euro…Gold

Posted on 02/28/2011

I want to use any strength the rest of the day to sell Euro for an intermediate term trade. We’ll use a stop over today’s highs as our risk parameter. We will have a short position going home today. We still have … Continue reading →

Currencies…Gold

Posted on 02/28/2011

The Euro just put in a double top on the Point & Figure charts @ 138.58 Dr. Nenner’s Tgt is 139.20 USD/CAD is creeping to the 97 tgt of Dr. Nenner ( app 103.09 (H) futures. 102.98 futures is the … Continue reading →

A.M. Look 2/28/11

Posted on 02/28/2011

It’s month end today. If you decide you need to pick a trend reversal you’ll be fighting capital flows all day. March Bonds! That’s right (H) not June! Today almost everyone rolls to June Bonds. We do not roll for … Continue reading →

USD/JPY…YCS

Posted on 02/25/2011

USD/JPY is 40 pips either side of the middle of nowhere in the grand scheme of things. Last months close was 82.03. The yearly close was 81.16. We’re right in the middle and have been nursing a long dollar/ short … Continue reading →

CAT…3M…MOS

Posted on 02/25/2011

All these names are starting to break out to the upside. We went back to the well one too many times in the SPU. MOS over 82.10 CAT..102.28 MMM…90.73  are the relevant levels.

Spu…OIL

Posted on 02/25/2011

That was a good hold in the oil at 96.17.. We were short the Spu and exited yesterday. Sell a little back with a 1316 stop.