Tag Archives: Spu
A.M. Look 1/31/11
Early Asia showed us all the extremes ( highs in the gold ,silver,oil) (lows in the Aussie,Euro,Spu). It’s the last trading day of the month! Not a good idea to fade the monthly directional flows today. The flow is long … Continue reading
TBT….SDS
You should be 100% out of your TBT today. SDS… we will add ( buy) another 25% piece on the close.
Pattern Alerts
Gold…1336.40 pit Silver..27.72 pit Oil… 87.96 all sessions SPU…1279 is last weeks close…we are already way below the 1290.80 for the outside reversal daily. A close below 1267.70 finishes it off with a weekly “orlw” Dr. Nenner has a model … Continue reading
SPU.. Pattern Alert
A close today below 1290.80 would be needed for an outside daily reversal close lower. In the meantime the rest of the board is showing concern over Mideast political tensions with the Dollar move up against the Euro and commensurate … Continue reading
A.M. Look 1/28/11
The sector rotation and the game of hot potato continues in the equities & commodities with money seeking the days high flier Du-Jour and the equity indices not doing much. Some of you stayed with your SDS. Use the same … Continue reading
SDS
A few questions this A.M. about the SDS stop of 22.20. Yesterday we said to use it as a stop close meaning the Spu had to close over 1296. Leave the stop the same. The “Ag” names have been all … Continue reading
A.M. Look 1/27/11
Monty Hall here. Pick your doors wisely today. EUR/JPY…..113.90 is a big closing area in this cross matching EUR/CHF…..129.50….Only sustained price action above these levels will lead to more short term Euro strength. Silver, Gold, and Oil all went up … Continue reading
A.M. Look 1/26/11
Pick your dates wisely this A.M. Trading has become a scene from the match game. It’s all about picking the right door. ( The hot stock of the day) We got a little premature leading off in the Spu yesterday. … Continue reading
SPU…AUD/JPY….CAT…XOM
1279 will be a big pivot for further weakness in the Spu. Price action under 81.50 AUD/JPY will confirm more stock weakness. CAT…All week the big support zone is 92.20-50. Put it on your price alerts. XOM….Price action under 77.75 … Continue reading