Tag Archives: S&P 500
S&P 500…SPM
The short term upside breakout is 1265. Today’s Fib resistance comes in at 1283-84
S&P 500…USD/CAD
1283.60 is the # the March Spu rallied from the end of January. The June’s are now the lead month and have recognized the level.1277 is a level in the June that should not be pressed by shorts the first … Continue reading
SPU…NASD
The Spu and Nasd just put in some great lows.. Short term intermediate traders should use these for risk management on any attempted longs.
A.M. Look 3/4/11
Silver….34.045-33.965 is the key short term support level which is also yesterdays all session low. Resistance…34.51-52 is the start going up to 34.695. This will become a price action trade. A violation and a close below 33.965 is negative in … Continue reading
Day Traders S&P
If we’re going to get a break today it’s from this recent high,however 1312-13 is as much as I would initially look for.
A.M. Look 3/3/11
Stock Bears…The 1319-21 level will be an important resistance level today. Sustained price action above and we’ll continue higher. It will still be a day of having an eye on the oil action and we would expect the inverse correlation … Continue reading
CAT…3M…MOS
All these names are starting to break out to the upside. We went back to the well one too many times in the SPU. MOS over 82.10 CAT..102.28 MMM…90.73 are the relevant levels.
Spu…OIL
That was a good hold in the oil at 96.17.. We were short the Spu and exited yesterday. Sell a little back with a 1316 stop.
A.M. Look 2/25/11
1314-16 in the Spu matching 43800 (H) Copper is the first Fib match area. Today’s trade will once again be dictated by the oil. As evidenced yesterday, the big macro levels are the only low risk places to play in … Continue reading
A.M. Look 2/24/11
We will use a break even buy stop on our short Spu @ 1316. We will be looking to add to this position with a Spu close below 1295. SDS traders, use the futures as your price triggers. OIL…I would expect … Continue reading