Pro Tips

CAT…MMM (3M)

The weekly stops are just under 102 in CAT. 3M puts in an outside reversal day to the downside with a close under 92.05 Pay close attention to the so called offshore growth names.

Pattern Alert…DIG

A close below 57.66 puts in an outside reversal day to the downside. This is generally a price negative pattern. If you have individual names you should look them over for reversal patterns. Gravity is setting in on the equities!

Gold…Long term stock holds

Sell the rest of your Gold and Silver at the market. We’re presently being taken out of our longer term strategic holds in individual stocks today via our resting trailing stops.

A.M. Look 2/22/11

This a.m. we’ll step into Bullwinkle’s “WAY BACK MACHINE”. The last time we had this type of unrest in the Mideast oil spiked over $40/bbl from the teens in 1990. By comparison this was a negligible blip. The last thing … Continue reading

Gold….TBT

Take off 50% of both positions @ the market… Time to cash out for the long weekend.

EUR/JPY

136.60 Euro is a match with 114 +- Eur/Jpy.. Eur/Jpy is running the show in the straight Euro.. Pay attention to these macro levels for further price action.

A.M. Look 2/18/11

Euro…135.50 will be the level to monitor late in the day. With all the big rallies this has put on against the various crosses the Euro has closed lower for the past 3 weeks, let’s see if they make it four out … Continue reading

Spu/Bonds…Full Moon Trading

11207 is a 50% re trace of the past 4 years also matching a fib from the 1987 crash. Needless to say I think it’s a significant zone. We are looking to sell the SPU @ 1349 (H) ( Buy the … Continue reading

Gold & Silver

This is the low end of the tgt. zone for Silver. We were initially eying anywhere from 31.60 to a now high extreme of 32.60. Prudent trading would dictate that those long Silver should now start scaling out. In that vein we … Continue reading

TBT…Gold

Those of you who bought TBT yesterday use a 39.60 intra day stop. The 30 Yr. has to top right here or there is more upside in the cards. We’ll be looking to add to our long Gold position with … Continue reading