Tag Archives: Technical Trading
CAT
92.10- 93.15 is the zone that will be tough for any new longs. Only a close over 93.35 will lead to new upside momentum.
Spu’s
Today’s End Game…. A close over 1197.30 @ 3:15 Pit session “Chicago”… This would put in a daily outside reversal pattern to the upside, trapping all the Bears again. The pattern foreshadows a “Risk ON” signal …possibly, with follow through … Continue reading
A.M. Look 11/22/11
Dealers choice…The board is shaping up to be a back and forth day trade. Trade what you see, pay attention to your time frames and take your money. Model Trading Portfolio…Current Holdings No positions Our view is that the rest … Continue reading
Time Frame Trading
“Day traders” looking for a reaction trade, should be patient until London is done selling everything. IBM…180.50-181.50 is key support and a major closing pivot level for direction. AAPL …363 is the app 200 day mvg avg today. GOOG 557 … Continue reading
A.M. Look 11/18/11
Euro…It’s caught between 135.50 and 134 ish. A momentum close is needed either way, above or below, for a short term signal. Oil…100 is short term resistance. If the board goes Risk Off again. 94.50 could be revisited. Gold…we’ll need … Continue reading
EURO…EUR/JPY
Most of you know I’m a big fan on Dr. Nenner’s Technical Model. Today he has a breakdown level in the Euro on a close below 135.50. Classic…he nailed the level and the market is now gravitating to it. I … Continue reading
On the menu for Today
Jeffrey Lacker Speaks ….11:15 AM ET Richard Fisher Speaks…12:30 PM ET There are still two more speakers to go today.. I would expect nothing but market positive statements to continue! Day traders looking to fade the tape today, for a … Continue reading
A.M. Look 10/18/11
Today is shaping up to be a two way trade day. Trade your short term technicals. It’s a ” HE said She said” market” thanks to the our European friends. A note on protecting your profits… Yesterday saw us getting stopped … Continue reading
A.M. Look 10/10/11
Currency land…The Pound and Euro just hit macro resistance. This has been a big run up out of the gate last night, straight up. The current highs ,will need all new closing strength over these levels to start another leg … Continue reading