Pro Tips

30 yr. Pattern Alert

Posted on 12/03/2010

Both the Dec. and the March Bonds are attempting to put in outside reversal days and weeks to the downside. These patterns are generally price negative. You’ve seen earlier in the week off the monthly patterns that you need a … Continue reading →

Is that all there is?

Posted on 12/03/2010

It’s time to use this weakness to start building a position in the regional Banks. BKX, KBW,IAT are a few suggestions for ETF’s from one of my private wealth clients. They all have the same chart pattern. All three are … Continue reading →

A.M. Look 12/3/10

Posted on 12/03/2010

First just a couple of general comments about sniffing out the big macro turns: If you’ve been following us for a while you’ll note that we’re usually a couple of days early on the turns, as with the Aussie this … Continue reading →

Daytraders 12/2/10

Posted on 12/02/2010

Match up the Aussie numbers with the Spu 97.20-30 Aussie now = the 1215 langer level first time up.

A.M. Look 12/2/10

Posted on 12/02/2010

Core positions are presently long TBT,Aussie,Smh or Soxx index,YCS (short yen) and long JJG ( grain etf) Many of you have key long Gold and Silver holdings with a smattering of miners and selected oil stocks. Stay the course. It … Continue reading →

SDS…Currencies

Posted on 12/01/2010

The currencies have tested some very pivotal levels. GBP/USD rejected the reversal monthly close of 156.50 USD/JPY has a short term double top at 84.40 on the daily maps The Aussie tells me nothing yet, however we will add to … Continue reading →

A.M. Look 12/1/10

Posted on 12/01/2010

Today going into tomorrow we’re going to find out what chart patterns are real. Last night’s low in the Aussie @ 95.37 is one of the big tells on the board. Macro stops will be building below and should act … Continue reading →

Outside reversal update…with positions

Posted on 11/30/2010

Outside reversal months: DXY…..dollar up USD/NOK GBP/USD EURO USD/SGD USD/ZAR….With a double bottom on the monthly 67660 EWA….downside EEM…..downside EWZ….downside DSX…..downside Euro Stoxx 50 VIX……upside In short this is painting a relatively bleak picture for the emerging markets in general. … Continue reading →

Eur/Jpy….TBT

Posted on 11/30/2010

108.23 is going to be a big inflection level in the cross Eur/yen needs sustained price action below this level for more Euro weakness. We’re at the other end of the range in the bonds, the area I’ve been patiently … Continue reading →

A.M. Look 11/30/10

Posted on 11/30/2010

It’s the last day of the month and you have the closing numbers listed yesterday for reversal closes. A close today under 95.41 Aussie and we will close out this position.