Tag Archives: Gold
Gold & Silver, EURJPY critical level | A.M. Look 1/4/12
Metals….all new strength is needed over 1628-30 in the Gold and $30 Silver to start another leg up. I think this will be a day trade until Friday at this point. We’ve seen 3 swan dives after unemployment #’s since … Continue reading
Risk Commodities, Risk Management A.M. Look 1/3/12
We are in the ” Trading what’s in front of us business” and translating that into returns. So we’ll just let the board unfold and do the same things that made us successful last year and the prior 37 years. … Continue reading
Gold
In this weeks episode of the mid-week shuffle, Gold is worth keeping your eye on. The 200 day mvg. avg. comes in between 1615-18 depending on day or all session continuation charts. Rather than picking a number, use the general … Continue reading
A.M. Look 12/13/11
So far the Spu’s held right where they needed to @ 1221.50 for another bounce. Confirmation of the level was given by the commensurate matching levels in the Aussie, AUD/JPY, EURO and OIL all holding macro support levels yesterday into … Continue reading
A.M. Look 12/12/11
More of the same, the day trade continues, disappointment with Eurocrats leads to a risk off A.M. London session. Today’s Risk off has manifested itself in Dollar buying vs. equity weakness. The weakness in Gold & Oil looks to be … Continue reading
Technical and Gap Trading 101
SPU…(H) 1221.50 is the top of the recent pit gap…Levels like these are generally, high percentage directional traps the first time in. You saw the big rebound off the area last night to re-test the reversal close of 1244. Then … Continue reading
A.M. Look 11/30/11
The majority of you told me you were not playing in the equity indices or the SDS. Our position update was put out for consistency more than a desire to do anything. ETF traders have to be in or out, … Continue reading
A.M. Look 11/29/11
In two years, this is a first for me…I’ve placed yesterday’s comments below. The levels have not changed. The game is still day trading the spread “Long Spu’s /Short 30 Yr. Bond”, while matching up your levels in the currencies … Continue reading
A.M. Look 11/28/11
SPU…The big zone on top is 1197.50-1206.50. Expect price rejection the first time up. Bears…this is a good spot to try a short with limited risk. ( sell them before you buy them at this area) Aussie…100.50-60 should line up … Continue reading