Tag Archives: 3M
Risk On?
The 30 yr. Bonds have a destiny with the low 141’s for a start. Think SPU/BONDS…Long stocks / Short Bonds.. Now you have to pick the stocks that are down the most and that have rallied back the least today. … Continue reading
A.M. Look 9/19/11
The equity market pattern has been Monday lows followed by rallies. We’ll see. IMM currency futures expire today at 9:15 CT.. Day traders should put the Aussie on your radar today for scalping opportunities. Keep all trailing stops active. Model Trading … Continue reading
Single Instrument Stops
Presently there is definitely little confidence that Europe can get it’s act together over the weekend. This is evidenced by the lack of follow through in the S&P failing to assault the unchanged level on the month. Like I said … Continue reading
Single Stocks
Let’s use this strength to sell 25% of our individual Longs out to pay for our stops @ the market. Long OXY Long 3M Long BHP Long FXI Long IBM Or anything else you picked up!
A.M. Look 9/15/11
We have a small Risk On Portfolio. Confirmation will be signaled by the Bunds ( German 10 Yr. Bond) closing the week below 136.56, and the 30 Yr. U.S. Bonds, which need to close below 139.07 DEC. The U.S. 30 yr … Continue reading
A.M. Look 9/14/11
Yesterday we picked up a few names in a small way. Keep the tight stops in place. SPU…The range was very big last night. We will monitor the price action to see if there is a low risk level to … Continue reading
Risk On Nibble…Single stocks
I am going to buy a very small position in OXY since it traded almost to it’s downside tgt. We’ll use a 3 dollar stop (77) 3M has put in a double bottom on the weekly charts.This instrument needs to … Continue reading
Cat…MMM
103.45-64 becomes the resistance level to watch for a match regarding overall market strength in CAT. 3M looks destined to put in at least a 93.65 print which is the old high.
3M (MMM)….TBT…30 Yr.Bonds
87.25 is the key weekly hold # for 3M. A close below this level would put in an outside reversal lower week. The Bonds are in the middle of nowhere with little momentum. They’re still a range scalp. I would … Continue reading