Pro Tips

A.M. Look 1/5/11

Posted on 01/05/2011

Over the past two days with the profit taking that has ensued in the metals, softs and oil has not translated into much of a correction in the the Spu/Bond spread. The operative question this a.m., is this another episode … Continue reading →

Silver,Gold,OIL,SPU,Aussie

Posted on 01/04/2011

I like the lows we just put in across the board. These are possible capitulation lows for the longs in these instruments for the day session. All contra-trend day trading should be managed against the current lows. Those looking for … Continue reading →

Crude

Posted on 01/04/2011

89.88 is the weekly # in the march crude for an outside reversal pattern to the downside.

FCX,GOLD,Soybeans

Posted on 01/04/2011

A weekly close below 117 in FCX will put in a outside reversal pattern to the downside. This is a price negative pattern. A weekly close for Feb. Gold futures below 1378.40 would put in a similar pattern here. Soybeans..13.664 … Continue reading →

BKX,XLF,BAC

Posted on 01/04/2011

Long term investors should consider locking in some of their gains in the Financial ETF’s as well as BAC by 30%. I like this sector long term, but we’ve come a long way and some retrenchment is likely. REE…use a … Continue reading →

A.M. Look 1/4/11

Posted on 01/04/2011

Usd/Jpy …..Short Yen (Long Usd/Jpy) Long Ycs. We’ve had this position on for quite a while. We are going to use an 80.80 stp cls in Usd/Jpy which is app 123.70 March futures… (app 15.40 YCS.) This is strictly a … Continue reading →

Flow Trading 101

Posted on 01/03/2011

Don’t fight the flow! Use the yearly closes as your directional pivots for the shorter time frame traders.. keep it simple and mindless! If a market is higher on the year look to buy the breaks back to unchanged and … Continue reading →

A.M. Look 1/3/11

Posted on 01/03/2011

Per the A.M. Look 12/22/10 you should now have another piece of your short Bonds long TBT position on again. This was a resting order GTC ( good till canceled). Spu…as long as the Spu closes above 1244 the markets … Continue reading →

A.M. Look 12/31/10

Posted on 12/31/2010

Today’s focus is solely on the closes. These are the #’s which we will use to measure 2011. While you’re having that double Bloody, hoping to soothe your aching hangover, all the little technician elves will be up preparing for … Continue reading →

A.M. Look 12/30/10

Posted on 12/30/2010

Our mind is in Holiday mode…and we’ve spent little time at the desk but over the next day or so I’ll write a few thoughts about trading in the New Year.. We originally sold the bulk of our Yen (bought … Continue reading →