Tag Archives: Spu
A.M. Look 1/29/13
Silver…31.22 is the short term resistance. Gold…1667-70 is daily resistance 30 yr. Bonds…needs above 144.02 for higher. Spu’s…need to get under 1489.50-90.50 for more downside. Yen Futures…anything close to 111 will be difficult +- 10 points. The Yen crosses all … Continue reading
A.M. Look 1/31/13
Spu’s…stillneed some sustained price action under 1490 for further downside. AUD/USD…needs under 103.80 to break further. (the futures are trading at a 35 point discount to cash) USD/INR…has been off our radar for a while. This is attempting an ORL … Continue reading
Equity Indices
Spu’s…need a close below 1491 for an ORL day. Russell..has a stranded close from yesterday and looks the most vulnerable. With tomorrow being month end we’ll soon see how willing investors are to book their profits.
A.M. Look 1/30/13
Oil…98.09-25 is resistance and the closing upside pivot. A couple of closes over this level will be needed for more upside. 30 yr….recovery over 144.02 is needed for a trad able low. Monthly stops are under 141.30. Euro…Eur/Aud…have all come … Continue reading
Equity Indices…Pattern Alert!
SPU’s…1484.70 is today’s ORL# Nasd…..2705 Midcap…107760 Russell…89360 These are end of day ORL#’s Whether we put in a tradable top with a completion of this pattern or not, price action tomorrow below these levels will lead to some much needed … Continue reading
Spu…S&P 500 Futures
1474.50 was last years high. Day traders looking for a short should use a stop over the Globex high of 1476
A.M. Look 1/14/13
Euro…is doing a 2 year swing. We expect to see 135. EUR/JPY…resistance is 120.60 AUD/JPY…. As long is it remains higher on the year, this cross remains an attractive buy on any descent pullback. Oil…as long as Oil remains above … Continue reading
A.M. Look 1/11/13
Spu’s…are back to last years high. Only a close in the equity indices under yesterday’s low would cause liquidation. By remaining firm after 12:30 CST we would expect another late day melt up into the close. Oil…92.75 is the weekly … Continue reading
S&P 500 Trade Alert!
Buy the JAN 1430/1405 PUT SPREAD….BEST YOU CAN For those trading the SPY’s …the 146 puts for Jan are trading around 94 cents We’re doing this for 2 reasons: 1) We like the stop. 2) We want some short exposure … Continue reading