Tag Archives: Precious metals

A.M. Look 6/3/11

Posted on 06/03/2011

It’s very early in my particular time zone, the markets still show a risk off stance going into the unemployment # this a.m. The S&P #’s written will be as previously stated. ( 1309 close is the focus). It’s either Risk On … Continue reading →

Price Action

Posted on 05/31/2011

We’re in the low volume time of the day. 1333.50 is the retest of Fridays pit session high. Price action later in the day, when NYC comes back from lunch, below this level will be negative. Metals…My only comment on … Continue reading →

A.M. Look 5/16/11

Posted on 05/16/2011

S&P…there are only 2 levels of significance: 1321 unchanged on the Quarter and 1290 which is the # we need to close below for an outside reversal month. Closing below these levels and there will be a lot more downside … Continue reading →

Beware the Contra Trend Running of the Lemmings!

Posted on 05/13/2011

The low in the S&P is a really good low for now and sustained price action is now needed below this level for further S&P weakness. We’re leaving the stops as is. Euro…we were looking to sell this currency against … Continue reading →

A.M. Look 4/15/11

Posted on 04/15/2011

Yesterday we bought DIG,OXY, and GDXJ ( Junior Miners). Later today we will write some OCO orders ( One cancels the other) in these instruments. One side will be a stop the other a profit level. The big macro levels … Continue reading →

A.M. Look 4/8/11

Posted on 04/08/2011

I am sure the mid-week shuffle twisted a lot of heads yesterday. The 30 yr Bond short was the cheapest way to be long the stocks.  Long Spu/Short bonds anyone? The stock trade still has massive sector rotation, meaning it all comes down … Continue reading →

A.M. Look 4/7/11

Posted on 04/07/2011

There is not much new to say. We’ve taken a small short position in the U.S. 30 yr. Bonds and will look to sell rallies and be out of this trade in the 115 handle. Currencies…They’re all about how they … Continue reading →

A.M. Look 3/31/11

Posted on 03/31/2011

Today is all about the close..nothing else matters It’s the last day in the quarter. We will be able to use today’s close to set the tone for the next quarter. As you can see most things are moving and … Continue reading →

A.M. Look 3/11/11

Posted on 03/11/2011

Silver…33.965-34.04 is the big downside closing pivot. This is the support area first time down. This is the second test of this level. This is a cheap out in the Silver against this level. You can always re sell your … Continue reading →

Euro…Metals

Posted on 03/01/2011

Right now this dog won’t hunt.. The days pit low matches unchanged on the month. This is the pivot, and the Euro is presently firm on the crosses. Short term traders should just close it out and wait. Longer time … Continue reading →