Pro Tips

A.M. Look 2/7/11

Posted on 02/07/2011

You need to let the morning set up a little more. The Euro is close to the bottom of a 100 point range and needs all new weakness below or above this range to start another move.     ( do not … Continue reading →

The Bonds,The Buck,Gold

Posted on 02/04/2011

For now there is no bounce in the 30 Yr. The yield differentials are finally having some effect on the commodity currencies which have lagged this up move in the dollar. There is currently a double top in the Canada … Continue reading →

A.M. Look 2/4/11

Posted on 02/04/2011

UnEnjoyment is upon us once again. Dr. Nenner’s model in the 30 Yr. Bonds shows 118.08 as a significant level today. Pay close attention to this bond level for a reaction trade in the SPU/Bonds…(If the Bonds hold 118.08 you … Continue reading →

COPPER

Posted on 02/03/2011

A daily close under 45160 in the copper is needed for an outside reversal lower day. A close below 44470 would be needed for meaningful profit taking to ensue.

A.M. Look 2/3/11

Posted on 02/03/2011

Spu is now showing a double top on the point & figure all sessions chart @ 1306. 1283.50-1290 will be support and a bear trap the first time down. 30 Yr. Bonds….unfortunately we have no position, however macro stops remain under 119.08-119.00, … Continue reading →

FCX…X

Posted on 02/02/2011

A close above 57.60 ( that’s correct! they did a 2 for 1 split yesterday) and more upside is in order. X (U.S. Steel) has just elected the stops above 61.18 which is a double monthly top. Keep this on … Continue reading →

A.M. Look 2/2/11

Posted on 02/02/2011

This is a good day to let things settle down. Most markets have to set up again for further price action.We did nibble in the Gold yesterday just in case of a Dollar route. Short term traders, trade what you … Continue reading →

GOLD…GLD ETF

Posted on 02/01/2011

Looking for value across the board… We are buying a small position in the Gold using a stop below today’s low in the futures and the GLD ETF. The futures stop is 1325…..The GLD is 129.30 Silver has been leading … Continue reading →

SDS

Posted on 02/01/2011

Every once in a while we go into denial as a trader! My time is up! Next time send me an e-mail to remind me to listen to myself. Close this position out. The dummy swing count can take the … Continue reading →

A.M. Look 2/1/11

Posted on 02/01/2011

It’s the first day of the month. We are going to pay close attention to the price action around 9 CT to see if directional flows reverse. Spu/Bonds spread needs to show it’s metal…with the bonds closer to the bottom … Continue reading →