Pro Tips

Aussie, 11/15/10

Posted on 11/15/2010

I like the high today in the Aussie….This is a good spot to sell the Aussie with a stop over today’s high. The risk is 30 points.. ( 99.30) Do not risk any more! This is also a good hedge … Continue reading →

SDS VS Emerging Mkts, 11/15/10, 10:07am

Posted on 11/15/2010

We need some downside protection against our emerging market trades Crude is acting toppy and it would be wise to take some of your long oil stocks down to a 50% position Buy a 1/2 position in the SDS with … Continue reading →

A.M. Look 11/15/10, 8:11am

Posted on 11/15/2010

Current positions Short Euro / Long Gold Short Yen ( Long Usd/JPY) Short bonds ( long TBT) Long emerging markets This a.m. we’ll be paying attention to the Euro at 136 (short term tgt support) and the Gold closing stop of 1355. Remember we legged … Continue reading →

Gld…gold, 11/12/10, 1:05pm

Posted on 11/12/2010

Those of you who sold the Euro this a.m. can buy a little GLD against the short Euro position with a 133.60 stop. The matching level in the Dec. Gold futures is just below 1357.

Patern alert Goog, 11/12/10, 12noon

Posted on 11/12/2010

A close today under 611.20 and the party hats will be put away for a while. This will trigger fund profit taking across the board. Portfolio exposure should be reduced. Goog 611 is a closing # with ramifications across all asset … Continue reading →

Hamster trading…Euro, 11/12/10, 10:34am

Posted on 11/12/2010

Cover a portion of your Euro when the spu prints into the high 1190’s to pay for your stop. Move your stop to 137.85 cash

Euro…. 11/12/10, 9:30am

Posted on 11/12/2010

Those that are bullish dollars can try and sell the euro here with a 25 point stop over today’s high. Trade location and risk management….This is as good a level as any for today.

A.M. Look 11/12/10, 8:09am

Posted on 11/12/2010

You’ve seen most of the extremes last night in the markets albeit Spu, currencies, Bonds, followed with a commensurate commodity sell off. Remember, pretty much every trade is the same trade. Price action wise I’d expect the spu to try … Continue reading →

Patterns…miners are leading, 11/11/10, 3:04pm

Posted on 11/11/2010

The Spu has held yesterdays low of 1202. So now that’s a double bottom on the daily. The miners are ripping, which says people are looking for another way to get long the metals complex with less volatility.. Some of these miners … Continue reading →

A.M. Look 11/11/10, 7:38am

Posted on 11/11/2010

Just a few observations: The spu’s are caught between 1197-1202 on the downside and need a close above 1224 to get anything going on the upside. Currencies…I do not envision any follow through dollar weakness until after the G20. Politics … Continue reading →