Tag Archives: Technical Trading

EUR/CHF

Posted on 09/02/2011

Technical levels Support: 110.83…a level you would always expect a bounce from. big fib support 110.21. “109 ish” gone too far the first time down. 112.40 ish becomes 1st resistance. Two big items with this cross: it’s been keeping the … Continue reading →

SDS…S&P 500 Futures…Risk Off

Posted on 09/01/2011

It’s time to try a short against the highs in the SPU My main reasoning is a definable out or stop. I also like the low in the Sep 30 yr. Think SPU/BONDS. ETF traders can use the SDS…Buy the … Continue reading →

GDXJ…Junior Miners

Posted on 09/01/2011

We’re long this instrument. It put in a daily double top yesterday just above the 200 Day Mvg Avg of 37.50. Take profit on 50 % of your position. Raise your trailing stop to 35.20 on the rest.  

A.M. Look 9/1/11

Posted on 09/01/2011

I’m semi-in and trying to catch up, so I will just make a few general comments. I am quoting DEC OIL. SEP BONDS still leads for me for another 2 weeks. Pay attention, there is a significant spread to the … Continue reading →

Grains…Soybeans

Posted on 08/26/2011

The Soybeans are back to my qtrly pivot level from July. 13.95-14.10 is the level… The beans are attempting to put in an outside reversal month to the upside, which would be a Wednesday close over 14.08.. This has been … Continue reading →

S&P 500 Futures

Posted on 08/25/2011

1176.70 will become pivotal support the first time down today. A weekly close (Tomorrow) over 1206.75 is needed for an outside reversal week to the up. In the meantime trade what you see…you’ll get your opportunities both ways again today. … Continue reading →

Gold & Silver…Pattern Alert

Posted on 08/25/2011

We’ve put in outside reversal days to the downside, now we have to see if an outside reversal week is in the cards. Gold has to close below 1736.25 and Silver 39.11 Pit session! The all session #’s are 1730.50 … Continue reading →

8/24/11

Posted on 08/24/2011

We traded 1160 in the S&P 500 Futures and rejected the level the first time up. This is exactly the price action I’ve been looking for since late last week. This dance will now continue with new highs into the … Continue reading →

Risk On?

Posted on 08/23/2011

I’ve been flipping through the chart patterns of many well known names. CAT,OXY,FCX,BHP,DIG,DE to name a few. For the most part all these patterns are very similar to the S&P 500 Futures. The Spu has gotten the stops over yesterday’s … Continue reading →

AAPL…Nasdaq 100

Posted on 08/22/2011

General price action: As long as AAPL keeps holding 355 the Nasd 100 futures looks to hold the 2030 area. We’ve been down there 3 times and held. All the Indices price action stinks! AAPL is the beneficiary of a … Continue reading →