Pro Tips

DIG

We were hoping that this Etf would match up with $91/bl (H) crude.. The level we would like to buy against is 47.25. It does not look like it will get there today. Buy a 30% position at the market. … Continue reading

A.M. Look 1/14/11

Spu…late yesterday into early Wellington the Spu put in a double top on the point & figure charts @ 1284.25. We are seeing an expected pull back off that formation. 1273.60 is a day session # we expect to see … Continue reading

EUR/JPY

110.30 is the closing level this week for an outside reversal close to the upside. It’s also 50% in the middle of nowhere for the past 6 months range, however this cross should be monitored for straight Euro traders. A … Continue reading

A.M. Look 1/13/11

EUR/CHF has been the feature last night as it has been running the Euro for the past week. How big of a correction will this turn into? There could be 2 more figures in this cross or 10 depending upon … Continue reading

JJG…Grains

Looks like the crop report came out a little early!!! The JJG having put in an outside reversal week to the downside last week,now has a potential weekly double bottom @ 51 matching the 13.50-60 level in the (H) Soybeans. As … Continue reading

A.M. Look 1/12/11

The Aussie,Aud/Cad,Euro have all reached their first set of downside tgt’s yesterday or last night. Currency traders should be patient and wait for good re-tracement levels to try the short side again. The market needs a little time to see if the … Continue reading

Crude….OXY

Oxy has reached Dr. Nenner’s first upside price tgt of 97. March Crude is within 20 cents of a major technical area around 92.65. Price rejection from this level could lead to a possible head & shoulders top formation on … Continue reading

TBT…30 Yr. Bond Futures

Buy a 30% piece back in the TBT.. (Long TBT) This is basically where we got out last week. That’s right! I can’t stand not being short a bigger position in the 30 Yr. The stop on this trade is … Continue reading

BAC ( Bank Of America )

Bac has a tgt of 14.70 with the timing component topping by the end of the week. Take the remainder of your BAC off the table against this level. Sell the remaining piece at the market.

A.M. Look 1/11/11

The most interesting feature on the board this a.m. is the AUD/CAD. 97.30 ish is the level we are monitoring off a qtrly look, a good violation of this area would lead to a test of 96. EUR/CHF …124 should … Continue reading