Tag Archives: Spu
A.M. Look 1/3/11
Per the A.M. Look 12/22/10 you should now have another piece of your short Bonds long TBT position on again. This was a resting order GTC ( good till canceled). Spu…as long as the Spu closes above 1244 the markets … Continue reading
A.M. Look 12/28/10
Euro…This dog put in an outside reversal day to the upside yesterday. This coupled with a monthly double bottom pattern still intact from 129.70 puts this on buy the breaks mode. According to Dr. Nenner this currency bottoms this week … Continue reading
A.M. Look 12/17/10
30 Yr. Bonds…Per our M.O. we took the bulk of our money on our short Bond ( Long TBT ) a day early…the short term pattern shows a nice daily double bottom. The high 121’s to the low 122’s should provide … Continue reading
A.M. Look 12/16/10
The whole board this a.m. shows contra trend relief moves from yesterdays big directional moves…. The euro needs a close under 131.80 to extend down.. Yen got the stops in the futures in the low 118’s as the straight Usd/Jpy … Continue reading
A.M. Look 12/10/10
Long term traders stay the course. Day traders..Good luck and don’t fight the directional flows. The bigger game starts next week with currency expiration’s Monday and Tuesday, and the big daddy…Stock indices Thursday. You presently have a short term double … Continue reading
A.M. Look 12/8/10
Today will be all about price action. Do the Spu’s hold and rally back with the bonds continuing their upward march in yield? This in turn would be price positive the oil patch ect. Risk On. USD/JPY…84.40 is the major … Continue reading
Price action and stops
Spu has a short term destiny with a 1225 print. A close under 1220 spu today would signal a short term top in the equity markets. Lighten up all long exposure with a close under this level. JJG…the stop is … Continue reading
Spu/Bonds…Aussie
Shorter time frame traders should lighten up in this spread.. This is long the Spu or SSO and Short the 30 yr Bonds ( long the TBT) The Aussie needs a good close over 100.05 to confirm higher in this … Continue reading
A.M. Look 12/7/10
Pretty much all the technicians have similar same level in the equities and the metals. Since this is the first time up to the tgt. in the Silver it’s time to ring the register. Each investor needs to assess his … Continue reading
Is that all there is?
It’s time to use this weakness to start building a position in the regional Banks. BKX, KBW,IAT are a few suggestions for ETF’s from one of my private wealth clients. They all have the same chart pattern. All three are … Continue reading