Tag Archives: Copper
Copper…Pattern Alert
Potential outside reversal weekly pattern..The key level to close below is 437. Having said that, we are into support on the daily and weekly maps. If short, it’s a good place to tighten up your risk and pay for your … Continue reading
A.M. Look 5/12/11
For day-traders it will be another opportunity filled day ( pick your poison and your level wisely). Yesterday we bought the 30 year bonds with a 6 tick stop which we thought at the time was the lowest risk side … Continue reading
Cheap Look 30 Yr. Bonds Futures…Copper
Let’s buy some 30 yr. futures with a stop below today’s low. If the stocks and dollar continue to get hit this will be a low risk trade. Risk off… The 1st Cooper tgt is around 389. Thy pattern shows … Continue reading
A.M. Look 5/5/11
Yesterday we nibbled on some Gold and Silver ETF’s.. Ouch! It’s painful to be early! The pain is only mitigated by the Short Aussie we hold against them.Silver needs to show some kind of a reversal in the next couple … Continue reading
A.M. Look 4/14/11
More one way bets are being taken off. I would look for at least another figure in EUR/JPY, 118.50 level seems the first good sticking point. We still want to put the cross on around 117 ( long Euro/Short Yen) … Continue reading
Morning matches
Dr. Nenner has some critical momentum break down levels for the SPU and NASD right in this area. 43300 in the Copper seems to match up with these levels. Closing below these numbers are negative the equities. Those of you … Continue reading
A.M. Look 2/25/11
1314-16 in the Spu matching 43800 (H) Copper is the first Fib match area. Today’s trade will once again be dictated by the oil. As evidenced yesterday, the big macro levels are the only low risk places to play in … Continue reading
A.M. Look 2/22/11
This a.m. we’ll step into Bullwinkle’s “WAY BACK MACHINE”. The last time we had this type of unrest in the Mideast oil spiked over $40/bbl from the teens in 1990. By comparison this was a negligible blip. The last thing … Continue reading
A.M. Look 2/17/11
USD/CAD is running some short term stops under 98.30. Copper has just completed a 50 % move back on the year. We have an outside reversal day put in Tuesday with a possible outside reversal week with a close under 44810. This … Continue reading