Tag Archives: Spu/Bonds
TLT…STOP…SPU “Pattern Alert”
We’ve been using a 116.50 stop close in the TLT. Our original buys were around 115.50 In the TLT ( 140.27 in the Futures) While the SPU/BOND spread continues on it’s merry way, we sold a good chunk of the … Continue reading
A.M. Look 2/7/12
Point & Figure Patterns this A.M. shows a double top in the SPU’s @ 1342.50 and the Brent OIL @ 116.70. Long Brent/Short WTI is the feature in the Oil Mkt. Spu’s…is all about where and how they hold breaks today into … Continue reading
A.M. Look 2/6/12
The strength in the dollar and the weakness in the precious metals has been the feature since the opening bell last night. SPU…we are looking to see a probe into the 1327.50-29.50 area & NASD..2500-02 during the Chicago pit session … Continue reading
A.M. Look 2/2/12
This market remains a stock pickers paradise. The dating process has found the partners remain somewhat fickle. Good on the first date, not so good the next… The stock rotation makes it tough, with most instruments being an Island unto … Continue reading
A.M. Look 2/1/12
General Execution Note… Most of you are at your screens for the first few minutes of trading everyday, regardless of your day job. When an instrument is up 5% just after the opening, and 10% in a couple of trading … Continue reading
30 Yr. Bonds…TLT
145.08-13 is the next resistance band with natural stops resting above. 146.08-15 is the next Point & Figure level to look for a possible double top and reversal. TLT…macro stops are above 121.63-76. Sell 50% of your remaining Longs around … Continue reading
SPU/BONDS Daily Continuation
The chart clearly shows that the SPU/BOND spread has relieved pressure. This is a primary reason that we advised taking some partial profits in the 30 YR. This should also be a warning to day traders to sell rallies ..not … Continue reading