This is the level to start looking at the TBT again from the long side. We will go home long on a close over 15.57
(Z) Dec. Gold…we’ll be using a 1650 Intra- day Stop. TBT…while fixed income remains firm we’ll use a 15.18 Stop Close.
MCP…the action is still in the individual names. Above 10.30, which is now support, you have an ORH week which looks to have a pretty high probability of completion at this point. Up 30+% in two days. The weekly buy … Continue reading
General Comments…. There is nothing new to speak off this a.m. All eyes are focused on Friday. Model Trading Portfolio …………….. Stop Close Profit Points Long XCO 6.80 8.40/9.00 / 11 Long Gold Long GLD Long EUO/Short … Continue reading
30 Yr. Bonds…needs to sustain under 148 to start lower, and above 149.15 for higher. General Comments… There is just nothing to do here except to watch and wait. I’m surprised how little the Natgas and Oil have responded to … Continue reading
We’ll hang with this into tomorrow
Spu’s…1404.25 Nasd…2759 OIL…96.36 Midcap…96820 These are the closing levels needed for ORL’s Sustained price action below the 18 day in the Spu’s “1397 ish” should tgt 1378-80 TBT….We put on a partial long earlier in the day, however we are … Continue reading
We’ve got the lower level of the resistance area we were looking for @ 148.16, which is the lower end of a major pivot area Many of you have had this trade on..Long TBT We’re officially adding this to our … Continue reading
Spu’s…1410 Nasd….2767 These are the ORL #’s Once again the indices are nowhere and broke to nowhere. AAPL,DE,Oil ect all saw tgt areas hit on very overbought conditions, followed by some profit taking. TBT…16.70 becomes a closing momentum area = … Continue reading