Tag Archives: S&P 500 Futures
A.M. Look 5/17/12
Rallies to nowhere. Sell rallies not breaks until this plays out. The patient Day trader will be able to make money from both sides of the market. We’ll look around the board this A.M. to see if there are any … Continue reading
A.M. Look 5/16/12
USD/BRL… 20270 is the next Dollar resistance level…next are the bigger Fibs @ 20700. NZD/USD…76.20-40 is a pivotal level. Once convincingly through, this should go to 74 for a start. Both of the above are Risk currencies. More Risk Off … Continue reading
A.M. Look 5/15/12
The technical trade continues. Last night brought another rebound from a very oversold condition. Given the way we closed, I think half my clientele were going to check into the local vet for a euthanizeation cocktail, after covering shorts earlier … Continue reading
GDXJ | Junior Gold Miners ETF Weekly Chart
The miners have a potential double bottom on the weekly charts.. Most everything else has seemed to have temporarily bottomed.
A.M. Look 5/14/12
Crude Oil…. 92.80 is the 50% retrace from the Oct. 2011 low. If you’re short, and we’re not, this is the place to cover. Euro…resting stops reside just below 128.58. 126.20-50 is the next macro level, which is last quarters … Continue reading
Spu | Nasd | ORH Pattern Alert
2631…Nasd is the closing ORH # Spu’s….1362.70 Pit….1363.75 all session chart. Short term the Spu’s have to maintain over 1361 for higher. Closes over these levels will put in a price positive formation. It is shaping up to be a … Continue reading
A.M. Look 5/10/12
Mid-Week Shuffle…”often violent contra-trend price action” I.E. if a market is trending lower, the market tries to save itself with with rallies to nowhere ( generally from a very oversold short term condition) which leads to pressure release of the … Continue reading
A.M. Look 5/8/12
We refer you to yesterday’s A.M. Look for the relevant areas. They are macro levels that are static. General Comments… Pay attention to your technical levels and Time Frames today. Pay close attention to the 30 Yr. level of 144.20. … Continue reading
A.M. Look 5/7/12
Euro…129.59 is unchanged on the year. This now becomes the macro pivot for more downside. EUR/GBP…The Pound has been bid vs the Euro, as a safe haven trade within the Euro Zone, since last July. This cross is getting mildly … Continue reading
Crude Oil…General Risk Off…Time Frame Trading
OIL…has just completed the first significant re-trace of the past 2 years with a 98 dollar print. Can it go lower? Sure, however it has not had a reversal on the point & figures for 800 points. General rule of … Continue reading