Tag Archives: Spu
SPU…CAT
Those of you that took the Spu route and shorted the index “add to the shorts on a 1354 stop close only.” A daily close of the CME futures @ 3:15 Chicago time. A close below 1355 will put in … Continue reading
A.M. Look 4/27/11
Once again the global game of chicken with the Fed is being played out in the currency markets. It’s all about the Yen crosses! Yesterday’s close in the 30 yr Bonds was unchanged on the year, right where the Fed … Continue reading
REE…Rare Earths
This Etf has been a great risk barometer. 16.40, today’s high, was a re-test of the outside reversal low daily close that took this instrument to the 9.50’s matching the 1240’s in the Spu. 16.40 was also our trailing closing … Continue reading
A.M. Look 4/5/11
This is going to be a day when most traders will be waiting for the Fed minutes this afternoon. The yen crosses are holding as the dollar is clawing back some losses from last week. GBP/JPY seems to have another … Continue reading
A.M. Look 3/21/11
We’re back to normal and it’s another “everything is wonderful Monday”. A few levels to pay attention to today, 1295 in the S&P is 1/2 the way back for this swing, The Aussie can still trade back up to 101.60 … Continue reading
TBT…30 yr. Futures
If the S&P starts printing over 1264 late in the day I will start bottom fishing in the TBT for a 20-25% piece. We were originally hoping for the low 34’s. The Number set in the Spu is as good … Continue reading
A.M. Look 3/15/11
Night Owl Trading. The Spu got the stops under unchanged on the year ( where it closed Dec 31/2010) This is significant for all those buy side private wealth managers whose mantra is to just buy and average forever. They … Continue reading
EEM..EWT…GOOG….AAPL.. GE….SPU…
If we get anywhere near 1334 ish SPH (MARCH S&P) today take off at least 70% of these trades. Then raise your stops to break-even. The Euro hit big support this a.m. @ 138.60 ish. It will now be the … Continue reading
Morning matches
Dr. Nenner has some critical momentum break down levels for the SPU and NASD right in this area. 43300 in the Copper seems to match up with these levels. Closing below these numbers are negative the equities. Those of you … Continue reading
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