Tag Archives: Silver
A.M. Look 6/24/11
Chart patterns…will the metals hold? Both of these metals have “Potential” outside reversal weekly patterns to the downside. For now they are holding… We will need a close today above 1511 in the Gold, and 34.40 Silver, to maintain the … Continue reading
Pattern Alert…Gold & Silver
Both of these metals have “Potential” outside reversal weekly patterns to the downside. For now they are holding…We will need a close tomorrow above 1511 in the Gold, and 34.40 Silver, to maintain the weekly patterns. Closes under these levels … Continue reading
Recap…
We were stopped out of the JJG. We did add to our Long Gold and Silver ETF’s today. We’ve attached a Nasd 100 futures point & figure for a visual. 2220 ish becomes 1st support and remains a pivotal level … Continue reading
Metals…Miners
Per yesterday’s A.M. Look.. We will be increasing our long metals exposure with a close over 1552 August gold. “This is a live order”…. We will do this via the ETF’s GLD & SLV.. The Miners should also be on … Continue reading
A.M. Look 6/22/11
Today should be a day for the technicians. There is a big mid-week game afoot. Have the markets bottomed or has the past 2 days been one huge rally to nowhere? If you’re bullish you want to find a place … Continue reading
A.M. Look 6/21/11
Late a.m., the trading community will be watching for signs from Greece. The afternoon should provide even more entertainment than the early a.m. with the Fed minutes. Today is also Bond Futures expiration. The Expiration takes place at noon CDT. … Continue reading
A.M. Look 6/20/11
A close today under the following levels in the Futures can lead to another swing down in prices: 1259 S&P, 2185 NASD,777.20 (also the 200 day) Russell,922.80 Midcap 400 ( with 200 day app 913). The bigger levels coming down … Continue reading
A.M. Look 6/17/11
I am getting that risk on feeling..Let’s keep it simple today.. Sep SPU holding above 1270 is positive…closing above 1274 and we’re doing the retraces back up. Nasd the #’s are 2200 for positive and a close above 2216, we … Continue reading
Recap..
A point someone brought up late today was that I had no position in the NASD.. That’s correct..However, many of you do have on all or some of the correlated trades whether it was short the Midcap,Russell,OIL, long dollars ect., … Continue reading
A.M. Look 6/15/11
EUR/CHF failed to get close to the big short term buy stops yesterday above 123.20 Straight USD/CHF needs all new strength over 85.50 for more Swiss weakness. Translation be wary of selling weakness at these levels in the Euro and … Continue reading