Yesterdays lows in the stock indices were as good as any if the market is going to follow through to the upside this week. The stand out low was the Spu level at 1127. The top end of the area … Continue reading →

The nasd is breaking down on a short term basis. A close under 1980 can lead to a good sell off. The big levels under 1980 are 1950 followed by 1900 +- A close in the Spu under 1126, long … Continue reading →

Investors and fund managers are getting very giddy about a year end rally in equities with another leg starting later this week going into next. Once the unemployment angst is out of the way momentum can pick up. Strategy? Day … Continue reading →

There are certain days you can look for directional change,yesterday was one of those days. The stand out price action was the Euro, Gold, Silver and Spu failing to give this direction up and not completing the reversal closes. In … Continue reading →

The Swiss Franc is putting in an outside reversal day (102.38 Z futures) The cash level, which is the important level is 98.15 usd/chf A close over this level will signal the end ( or the porfit lock) of the … Continue reading →

I’ve had a few questions as to leading off on this trade. If you’re long stocks and wishing to hedge buy 20% position with a stop on a new daily low today. 28.65 stop You can add on a close … Continue reading →

SPZ…1135.70 NDZ…1998 GBP… 157.60 Euro.. 135.65 Aussie 96.58 Gold (z) 1306.10 Silver (Z) 21.70 These markets have made new highs for this recent move and are massively overbought. A close below the above levels will put in outside reversal lower … Continue reading →

The end game is upon us. I am not looking for a directional changes today. Today’s path of least resistance is in the direction a market has been traveling over the past few weeks, That is up in the Equities … Continue reading →

I am not looking for much action early today. 1980 Nasdaq was a big hold that had ramifications across all asset classes yesterday. I fully expect the themes to continue into tomorrow…Strong bonds..strong stocks weak dollar coupled with strong metals.. … Continue reading →

First thing on the agenda today is to put a break-even stop on your JJG ETF. This is a trade we’ve caught a couple of big swings on and I see no reason to give back anything going into the … Continue reading →