Tag Archives: S&P 500 Futures

A.M. Look 2/23/12

Posted on 02/23/2012

Yesterday found me beating back my accrued Pavlovian tendencies from my charged years of Pit trading. I wet myself and realized my issue before I embarrassed myself. We try to limit those episodes. Right you are! I’m not alone, we … Continue reading →

CAT

Posted on 02/22/2012

116.55 is May 2011 high in Cat. It lost almost 50% of it’s value from that High. This is a big upside closing pivot level. Sustained price action above this level leaves little room for the Plungers ( Short Index … Continue reading →

A.M. Look 2/22/12

Posted on 02/22/2012

Platinum…leads the metals. Last night’s high (1711) was the major 2/3 rds Fib coming back up on a 4 year swing. It’s a big big level! Remind yourself that the Platinum has just rallied $300 in a few weeks. This … Continue reading →

Spu’s…Pattern Alert

Posted on 02/21/2012

A new high brings the prospect of new plungers ( Short Sellers). Today’s game will center around 1355 for an ORL day.  

A.M. Look 2/21/12

Posted on 02/21/2012

USD/CAD…98.80-99.00 continues to be the hurdle level ( Dollar support). This runs up to 101.37 in the (H) Futures. Simply put, don’t buy Futures strength/ sell Dollar weakness into this level. The Canada will need more than one attempt at … Continue reading →

A.M. Look 2/17/12

Posted on 02/17/2012

USD/CAD..either side of 99.20 USD/CAD ( 100.70 H Futures) is the next hurdle level. AUD/USD…shows all new strength is needed above 108.00-25 for new upside. USO…a couple of closes over 40 in this etf should project another 10% toward 44. … Continue reading →

A.M. Look 2/16/12

Posted on 02/16/2012

Spu’s …1329.50-1332 is the level it’s been trying to print for the past 2 weeks. Just don’t initiate a short into this level. It’s a Bear trap area the first time down. Presently the Spu’s need back over 1342.50 for … Continue reading →

Pattern Alert AAPL…SPU…VIX

Posted on 02/15/2012

A close today under 502 in AAPL puts in an ORL day. This could lead to considerable Risk Off across the board. SPU…that level is 1338. General Comments.. The VIX 50 day mvg avg stopped the break last Friday in … Continue reading →

Stops…General Comments.

Posted on 02/14/2012

In an abundance of caution we are raising our current stops.. Many short term players are again using the double top @ 1352 to short the indices. They are playing for a breakdown to at least the 1329-32 area. This battle … Continue reading →

Market tells

Posted on 02/13/2012

Copper…38050 is the 200 day, a close below should be deemed negative price action given the double top in the Spu’s. SMH..a close below 33.98 in this ETF puts in an ORL day which is price negative the board. OIL..hit it’s … Continue reading →