Tag Archives: Silver

AGQ_-_ProShares_Ultra_Silver_Daily.gif…Trade Alert!

Posted on 08/20/2012

Silver…is starting to shine. Since I started writing, this the ETF has rallied 60 cents. Let’s try and pick this up on a pullback to 40 with a 39 stop. Silver needs over 28.55 to brk out to the upside. … Continue reading →

A.M. Look 7/24/12

Posted on 07/24/2012

ECA…put in an ORH day yesterday. This instrument needs closing action over 21.40 to confirm more up. AAPL…Those of you that bought the July 27 calls early yesterday should now have a free look going into today’s earnings. Spu’s & … Continue reading →

A.M. Look 7/23/12

Posted on 07/23/2012

Spu’s…1342 30 Yr. Bonds…153.00+- a few Euro…120.70 EUR/AUD…117.93 is the ORH # EUR/JPY….got within 20 points of it’s projected tgt. Wheat…9.166 is the ORL # General Comments… The #’s above tell one story, it’s the match game. The Bonds are … Continue reading →

A.M. Look 7/19/12

Posted on 07/19/2012

Spu’s…1375..1381.50 is the horizontal resistance. We presently need price action back under 1363 for this to be an interim high. Price action under 1370 is needed for any signs of this directional flow abating. Midcap…closing over 96000 will lead to … Continue reading →

A.M. Look 7/18/12

Posted on 07/18/2012

Welcome to the Mid-Week Shuffle… Copper…347 will be a pivotal level for tone on the Risk paradigm General Comments… Euro continues to be the easier short on rallies for the Risk Off crowd. Markets in general are winding up for … Continue reading →

A.M. Look 7/17/12

Posted on 07/17/2012

Oil… 86.60 is support…89 – a couple is a potential double top. Gold & Silver…both need higher for breakouts to the upside. General Comments… Have fun trading Ben’s testimony. I’m not sure why anyone would think the Fed would be … Continue reading →

Pattern Alert Silver…Euro

Posted on 07/16/2012

Per last weeks Euro Point & Figure…It’s Holding the 1/2 of the life of the Euro!!! The shorts are about to get a good routing which should also help the metals. A close today in the all session Silver above … Continue reading →

A.M. Look 7/13/12

Posted on 07/13/2012

Oil…is trading @ the 50 day around 87. Sustaining above can lead to a test of 90. Weekly buy stops are around 89. Spu’s…I need to see a close over the low 1340’s moderately to be positive and a close … Continue reading →

Metals Alert!

Posted on 07/10/2012

Both Gold & Silver are attempting ORL all session day as well as completing ORL Pit session patterns. “1581 Gold”…27.09-16 Silver. This is the same pattern as the Equity indices. Copper…under 340 does not act particularly well, while many of … Continue reading →

A.M. Look 7/5/12

Posted on 07/05/2012

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 →