I do not see much to do this a.m. but to watch the price action closer to the NYC Stock Exchange opening… The Euro has been the feature last night with the European debt crisis back on the table for … Continue reading →

Long term investors can add a little GLD or (GOLD) with a stop under today’s low for this portion of the trade.

The only support level of importance today is the gap in the Spu from 1197.30-1206.50 on a pit only Chart. This area will now dictate further price action. Meaning first time in it will be an area that will provide a … Continue reading →

The upside momentum # for the XLF is a close above 15.20.. A close above 15.20 …Investors who are long should add…those with no exposure should put some on.

Day traders with big cajones and deep pockets should be trading silver. Oh yeah, and do not make a trade unless you can manage your risk to 10 cents to make at least 50. The first short term tgt is just … Continue reading →

For the last 2 hours Europe and the U.S. Funds are cashing in their chips on all longs.. This includes commodities,metals and related stocks… Risk off!!! The big game will be after today’s Fed announcement…There is a lot of anticipation involved with this … Continue reading →

to death early! I am looking to the currencies for low risk trades which brings my focus back to Eur/Jpy Eur/Jpy has been consolidating for a couple of weeks. A close over 114 investors should start accumulating this cross.

The markets. in general, will be a big trading affair again today. I am very reticent to chase direction early. The Spu and the Dax are knocking at their highs and double top patterns In currency land the Aussie has put in … Continue reading →