Pro Tips

A.M. Look 2/17/11

Posted on 02/17/2011

USD/CAD is running some short term stops under 98.30. Copper has just completed a 50 % move back on the year. We have an outside reversal day put in Tuesday with a possible outside reversal week with a close under 44810. This … Continue reading →

30 Yr.Bonds…TBT…REE…XLF

Posted on 02/16/2011

So far the 30 Yr has rejected the resistance area. The TBT went to our retrace level of 39.60-70. Longer term traders should have a small position on against this level. REE…we’re using a 13.45 money stop. XLF…Place an “OCO” order to … Continue reading →

A.M. Look 2/16/11

Posted on 02/16/2011

The 30 yr.Bonds have finally probed the old support #’s of 119.08-15 last night. For short term traders we prefer to sell the rallies into this area. Euro will be back on the menu today. Pay close attention to this … Continue reading →

A.M. Look 2/15/11

Posted on 02/15/2011

USD/JPY… 83.80-90 ( 119.15 ish futures) will be a zone that needs work to power through. Gold…We are going to take profit on our Gold position when the Silver trades anywhere close to 32 dollars.

Gold…TBT…30 Yr. Bonds

Posted on 02/14/2011

Gold..let’s add a little more Gold. 30 YR…Still looking to sell the 30 Yr. the first time up into the old support @ the 119.08-15 area. This should match up with the 39.60-70 level in the TBT. Time Horizon to … Continue reading →

A.M. Look 2/14/11

Posted on 02/14/2011

The currency trade will be difficult at best. Dollar bulls have to wait for the rallies to sell currencies. Eur/Chf has a double top on the monthly at 132.08. As you can clearly see the Euro is now the feature … Continue reading →

GBP/USD….Gold

Posted on 02/11/2011

The Pound is the lowest risk currency to sell on the board. Day traders should sell any rally toward 160.20.. using a closing stop over 160.20. Raise your stops in the Gold to 1348 close. Presently, it does not act … Continue reading →

Day Traders

Posted on 02/11/2011

Euro 135.80 ish Canada futures…101.25-36.. These are low risk levels to sell against.

A.M. Look 2/11/11

Posted on 02/11/2011

We show a double bottom in the Euro @ 135.08 with Fib matches @ 134.75…Do not sell weakness. USD/JPY…83.80-90  (App 119.20 ish futures) has been sticky for the past few quarters. Do not buy dollar strength or sell futures weakness into … Continue reading →

Yen…USD/JPY…YCS

Posted on 02/10/2011

We’re adding another piece to the long YCS on the close today, however in an effort to not totally screw up our average, only add another 25%. We think it prudent to leave room for one more wiggle back to … Continue reading →