Tag Archives: Spu
Spu’s…Pattern Alert
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
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
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
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
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
A.M. Look 2/15/12
One trait of a Bull Market is that it spends all day trying to brake and just a few minutes rallying. Spu’s…will stop all the way up, at every macro level, where new shorts will come in to try and … Continue reading
Stops…General Comments.
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
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
A.M. Look 2/13/12
Levels of note today are the previous highs in the OIL…100.30-50 Spu’s…1252.70, Aussie…108.50 Platinum…1674.50 All new sustained price action above these levels is needed for another leg up. Model Trading Portfolio…Current Holdings ………………Stop Close Profit Points Long … Continue reading
A.M. Look 2/10/12
30 Yr. Bonds…We currently have a double top and a double bottom on the Monthly Bond Chart. 140.22 (H) Futures is the bottom level currently in play. Closing below this level, coupled with sustained price action below 140.22, would have us … Continue reading