Tag Archives: Spu
A.M. Look 12/7/11
I have nothing new to add to comments over the past several days. Markets get far more interesting to me the end of next week into the beginning of the 19th. Until then try not to get run over with … Continue reading
A.M. Look 12/6/11
Right now everyone is looking for something to do. The best course of action for the longer time frame trader is to keep your powder dry and remain in cash. Short term guys, do what you do best, pick your … Continue reading
A.M. Look 12/5/11
The board has been mildly Risk on since the Asian opening last night. Europe didn’t disintegrate over the weekend. The world seems to be in wait and see mode, waiting for a clear signal that we can get through the … Continue reading
End of Day
SPU/BONDS…are running the show with the 30 yr attempting an outside reversal higher day. Keep it on your radar. This type of close will not be price positive the equities or Risk assets in general. The currencies have been leading … Continue reading
SPU…Pit…Price Action
Classic charting, an opening above yesterday’s pit high 1251, would show a 3rd gap up. Often times, this can be a harbinger of directional exhaustion. So 1251 becomes a key driver the rest of the day. You’ve already had an … Continue reading
A.M. Look 12/2/11
It’s good news week. It will be a price action trade for those playing. SPU…1251 will need to hold the first break “during the Pit Session” and then stay above to maintain strength throughout the day. 1262-66 shows early resistance. … Continue reading
SPU/BONDS
SPU/BONDS at a tough level! Crunch time for the spread…this is a pivotal spot for 2 figures either way. Pay attention to your time frames. Do not reach for trades.
A.M. Look 12/1/11
Reality Check,let me count the times we’ve seen these swings since Aug 1. I think we’re on our 11th swing of 8-10% moves in the Spu’s. If you added in the Bond side of the spread, most moves were closer … Continue reading
EURO…SPU
Euro…135.25 is near term resistance. Stops are resting over 135.70 which would tgt 136.10-20. SPU…1235 was a descent place to take a rest. Trade your time frames.
A.M. Look 11/30/11
The majority of you told me you were not playing in the equity indices or the SDS. Our position update was put out for consistency more than a desire to do anything. ETF traders have to be in or out, … Continue reading