A close today below 1341.20 SPU puts in an ORL daily pattern. A close today below 2591.00 Nasd 100 puts in an ORL daily pattern This is a price negative pattern.
Spu’s…1338…1357…1381…Pick a # and pick a side. Oil… is setting up to break this range. This will be a price action trade based off the Risk paradigm of the entire mkt. General Comments… Trade what you see. Model Trading Portfolio … Continue reading
Gold…is in an 80 dollar range. Traders of this metal should be aware of the Eur/Gold spread. EURO…The Fibs on the Point & Figure chart are for the life of EUR/USD, not the extrapolated old D-Mark. 30 yr. Bonds…Friday saw … Continue reading
Stops for the QQQ will be raised to 64.30 intra-day Nasd 100 Futures…New lows 2622
The S&P 500 needs recovery over 1364 to keep it from trading back to as low as the 1330’s . The Nasd has been holding up, however we see no reason to turn this into a big loser. Raise your … Continue reading
USD/JPY…79.20 ( 126.40 Futures)….80.10 ( App 125 Futures) is the trading range. Monitor these levels for a breakout. 30 yr Bonds…are in a 2 point trading range. leave the stops as is in the TBT. We’ve seen where the Bonds … Continue reading
As much as we try to match up the Futures level with an exact # in other instruments, it’s always best to use market orders to enter or exit when the relevant Futures # is hit.
The QQQ as well Nasd 100 Futures are right up at the 100 day mvg avg. As long as the Nasd 100 futures stays above 2608 we will stay with the trade. Nasd Pit…needs a close over 2628 for higher. … Continue reading
We’re Buying the Nasd 100 @ the market. We’re Buying AAPL on a close over 600.