Tag Archives: Spu
Spu’s Trade Alert! Punt of the week.
We’re Buying the April 1530 Puts, which expire tomorrow, for 380.
Time Frame Trading
This capital flow can ebb in the next 20 minutes. Pressing direction at these levels is not wise. XLF…@ 18 is right on the 50 day mvg avg. Spu’s…1537-39 can trap directional players. Sell stops are @ 1533.75.
A.M. Look 4/17/13
Gold…needs to go 1365 sellers to go to the mid 1340’s. Resistance and the short term upside pivot remains at yesterday’s resistance of 1400. EURO…131.35 is the monthly ORH # , which makes it a pivotal level for the next … Continue reading
Equity Indices…GDX…BAC
Spu’s…1562 +- a couple is the closing qtrly Pivot. Nasd 100…2810 +- a few. GDX…looks like it wants to test the long term stops under 27.15. BAC…needs to close over 12.30 for upside momentum. Once again investors were looking early … Continue reading
Oil…Position Update..
The next set of macro sell stops rest @ 89.87. We were taken out of our Long SSO shortly after the opening. We still have a 25% position in short 30 yr. Futures. After Lunch time In NYC we’ll revisit … Continue reading
Position Update
Oil…we were stopped out on our remaining longs @ 93.20. Sometimes I can be a little tight on the stops, however we still captured an avg. 90 cent gain on the other half of the position. It’s caught between 93-95 … Continue reading
A.M. Look 4/11/13
Oil…needs a close over 95.00 for another leg up. Pattern breakdown starts to occur under 93.50. Look for this to move in 75-80 tick increments. Leave the trailing stop on our remaining longs @ 93.20. AUD/JPY…macro buy stops from 2007 … Continue reading
A.M. Look 4/8/13
EUR/JPY…128.60 ish can reject the first time up. As long as this remains over 126 we’re looking for a test of 132 , however 128.60 is our first tgt level from the 123.30 weekly breakout when we said this could … Continue reading
SPU & Nasd Patterns
There are resting sell stops @ 1607.25 In the Spu’s SSO…77.40 Nasd 100…@ 2935… QQQ…72.12 Closes below these levels will put in ORL patterns. Only closes below the above levels “today” create the environment for a Risk Off scenario.
A.M. Look 4/6/13
Spu’s…592.50-593.30 is support. Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to … Continue reading