Tag Archives: Oil
Midday Missive
SMH…index has a double bottom on the daily chart. OIL…97.80-98.00 is resistance with resting buy stops above. 30 yr.… admittedly i’ve been a little out of step with the turns. I like today’s low in the TBT and the high … Continue reading
A.M. Look 1/23/14
Stocks… DPM…Midstream Partners has some upside potential as long as it holds today above 49.30-40 the 200 day mvg avg. Spu’s…the all session chart shows a possible ORL patten with a close below 1833. Spu’s would need to sustain under … Continue reading
Midday Missive W/JJG Order
PCLN…a close over 1162 should elect a rally to just over 1200. I looked at the calls and they are pricing in a big rally. At first glance, there does not appear to be a cheap way to buy upside. … Continue reading
Drumbeat of War
When trading becomes emotional and not fundamentally driven, instruments can go a lot farther than you think. Many fundamental traders have been taken out on stretchers to the poor house while mumbling that the markets should not have traded like … Continue reading
A.M. Look 8/26/13
Stocks.. JJG…looks to test 47.90. Closing over 48.30 will start another leg up. TBT…78.78 is next fib support. The match it up with the 30 yr. levels. EWZ…sustaining and closing over 43.90 resistance, will lead to further gains. IYT…116.00 is … Continue reading
A.M. Look 8/21/13
Stocks.. NFLX…I have a near term 280 tgt. This level should prove to be descent resistance, causing this stock to back and fill. This is an exit zone the first time up.Nasd 100…needs a close over 31.05 to turn up. … Continue reading
A.M. Look 8/9/13
Stocks.. Equity indices are higher on the month but lower on the week. They look to me to be in a digestive mode. I prefer to let them digest without me. Bonds… 30 yr…we’re going to leave this gestate for … Continue reading
A.M. Look 7/15/13 W/ Trade Updates
Stocks.. QQQ…76.05 is a level that can reject the first time up. The longer term upside tgt is 82 as long as 72 holds on breaks. Bonds… 30 yr….135.00 remains resistance and the upside pivot. FX… Euro…needs a close under … Continue reading
Daily Game Plan…Oil
Daily Game Plan…Day Traders In lieu of a trade today, we’ll go over the story line leading up to our first Day Trade. If you understand, you see. Yesterday we did a day trade in the oil. You either made … Continue reading
Position Update
Oil…we were stopped out on our remaining longs @ 93.20. Sometimes I can be a little tight on the stops, however we still captured an avg. 90 cent gain on the other half of the position. It’s caught between 93-95 … Continue reading