Tag Archives: DE
A.M. Look 6/29/12
DE…a close over 78 puts in an ORH week CVX…104.65 for an ORH week Oil… 80.80-95 is resistance with buy stops above, with 82 ish being the next closing hurdle. Euro..126.20-30 is pivotal. CAD/JPY…put in a double bottom @ 76.60. … Continue reading
A.M. Look 5/24/12
Crude Oil…all new price action over 91.70 is needed for higher. Gold…look for the mid to high 1570’s to be tough zone. GDX…as well as some names like NEM put in ORH days yesterday. As of now they look to … Continue reading
Pattern Alert…ORL Possibilities
The following are possible ORL candidates.. PCLN…747.14 AAPL…578.86 OXY… 91.20 CAT… 100.65 DE… 81.79 If you’re in these names pay attention to the late show today. GS …with sustained price action under 111, this looks to be headed towards the … Continue reading
Match Game…
SPU/BONDS just bounced off the 50 day around 9700.Spu’s hung up around 1370. Don’t press weakness, let the market do the work and remain nimble. 3M, DE, and some of the big cap stocks have all hit some interesting mvg … Continue reading
A.M. Look 3/26/12
Friday being Qtr’s end, the one thing we aren’t looking to do is fight the capital flows, which are still up in the Equity indices and down in the Bond Futures. It would seem logical to see this flow continue … Continue reading
A.M. Look 2/15/12
One trait of a Bull Market is that it spends all day trying to brake and just a few minutes rallying. Spu’s…will stop all the way up, at every macro level, where new shorts will come in to try and … Continue reading
Stops…General Comments.
In an abundance of caution we are raising our current stops.. Many short term players are again using the double top @ 1352 to short the indices. They are playing for a breakdown to at least the 1329-32 area. This battle … Continue reading
A.M. Look 2/14/12
Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as a surrogate to … Continue reading
A.M. Look 2/13/12
Levels of note today are the previous highs in the OIL…100.30-50 Spu’s…1252.70, Aussie…108.50 Platinum…1674.50 All new sustained price action above these levels is needed for another leg up. Model Trading Portfolio…Current Holdings ………………Stop Close Profit Points Long … Continue reading
Risk Positions…Stop Adjustments
Currencies… I don’t see any reason for shorter time frame traders, particularly those with the ability to trade either cash of Futures in the Currencies, to have exposure over the weekend. Sunday will start a new game. If the market … Continue reading