49.40 is the 200 day mvg avg in the JJG. We might not get into the better Fib zones which are lower. This trade could be a few weeks early but we have been waiting an awful long time to see … Continue reading
50.56 represents a double bottom on the weekly charts in the JJG ETF. If this level is given we expect to see 48.60 for a start. This is a price action look. You have to ask yourself if the destruction … Continue reading
This A.M. let’s take a up a few lines critiquing our style. #1 JJG On 4/28/11 we were eyeballing the JJG for a trade. What we wrote: The JJG shows some support right here at 53.05 We’d like to get … Continue reading
The JJG shows some support right here at 53.05 We’d like to get long this ETF at 52.15 with a 25% position. The one caveat in this trade is that we would like to see a weekly close over 53.32 … Continue reading
JJG..45.90-42.50 this is the level for long term traders to scale in. GE….16 AAPL…272-254 SLB…74 ish give or take REE…this should have a bounce from 9.50 TBT…34.25-80 is the first good buy zone for longer time horizon traders. TLT…96.25 is … Continue reading
Silver (H) …35.15 is the level we held Friday for this past leg of the rally up. Today the bears would love to see 35.40 ish reject and start lower again during the day session. Dollar Bulls…We’re short the Euro and … Continue reading
Euro…137.45 is the last high we broke from. This level will now act as an upside pivot for a possible another 100 points. Eur/Jpy is still the firm cross with short term tgt’s another 4 figures up. For those tgt’s to be … Continue reading
You’ve got some pretty interesting mid-week extremes going on. The present flows can maintain direction into no man’s land, after London’s close and thru New York’s lunch time. Then we’ll see if the U.S. buys the stocks back up later … Continue reading
Good Morning and welcome to this months episode of Full Moon Trading. Today I have four levels of interest. 1) Euro @ 135…this is a potential double top level on a monthly chart. This is a low risk level to … Continue reading