Tag Archives: Lemming Effect Trading
Gold & Silver….Spu’s
The Lemmings are in full flight! The stops under the 200 day in the Gold have just been run. The low 1660’s are next followed by 1645 ish Silver 32.85 ish is the 50 day. The Ultimate out for shorts … Continue reading
A.M. Look 2/6/12
The strength in the dollar and the weakness in the precious metals has been the feature since the opening bell last night. SPU…we are looking to see a probe into the 1327.50-29.50 area & NASD..2500-02 during the Chicago pit session … Continue reading
The Running of the Lemmings
Many instruments such as AAPL, GS ect have hit their short term upside target’s or elected the Buy stops over recent highs. Now the metal of the market will be tested. Can the breaks hold? 426.30 AAPL, 622 Goog are … 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
A.M. Look 12/16/11
Today is our last scheduled update into year end. We will be leaving for client meetings in Asia, returning just before year end. A big thank you to my clientele, you still make it enjoyable to stare at the screen … Continue reading
A.M. Look 12/15/11
Today is the last day for Dec. Stock Index Futures to trade. This day in September the close was 1204 in the S&P 500 expiring futures. Yesterday’s comments for Day Traders should be reviewed! Utilization time! We were looking for … Continue reading
A.M. Look 12/14/11
EUR/GBP…This cross looks to be headed for 82. Dollar Index….80.43 is the Oct. high .By maintaining prices over 79.27, this looks to be breaking out on a qtrly chart. Meaning a stronger U.S. Dollar. SPU’s…The March contract still looks like it … Continue reading
AUD/JPY….Spu’s
78.00 is an important level. Closing below this area is negative Equities. Price action below 78 AUD/JPY shows 77.30 ish as the next significant area. SPU’s…The technical levels have not changed! At this point I would look for a test … Continue reading
A.M. Look 12/8/11
Today will be an event driven trade with the BOE & the ECB rate decisions, notwithstanding all the expected rumors that will be coming out all day. Pick your spots and take your money, I’m sure you’ll get a couple of … Continue reading
A.M. Look 12/6/11
Right now everyone is looking for something to do. The best course of action for the longer time frame trader is to keep your powder dry and remain in cash. Short term guys, do what you do best, pick your … Continue reading