Buy ANR @ the market. The stop will be just below today’s low, which is the 200 day mvg avg. Idea courtesy of Nenner Research.
149.15 ish is the first tgt level from Dr. Nenner matching 16 in the TBT. My swing counts come in closer to 153-154 depending on how you measure them. Spu/Bonds…a retest of 87 is possible followed by 85. Short term … Continue reading
We like the chart pattern on ECA..Encana Corp. This is a cheap look with a stop below 17.45, which is now a double bottom on a weekly chart. This trade is a lead off on the NATGAS low and price … Continue reading
Most of you know I’m a big fan on Dr. Nenner’s Technical Model. Today he has a breakdown level in the Euro on a close below 135.50. Classic…he nailed the level and the market is now gravitating to it. I … Continue reading
Gold….We’re going to give this a full 20 dollars since we’re looking to make almost 400. I like that risk reward. The stop is under 1747 close in the futures….. app 169.85 in the GLD ETF. Silver…last night’s low needs … Continue reading
A question was put forward by a client: Why are you not just buying the SOX index with a tight stop? Answer: I am not chasing… I prefer chart pattern confirmation. I already have long equities via the short bonds! … Continue reading
In approximately an hour the humanoid element will be out of the trading equation until the last 30 minutes of the day. Risk Off abounds…stay with all current positions, only sustained price action above 1192 SEP S&P Futures will get … Continue reading
I’m semi-in and trying to catch up, so I will just make a few general comments. I am quoting DEC OIL. SEP BONDS still leads for me for another 2 weeks. Pay attention, there is a significant spread to the … Continue reading