Tag Archives: Technical Trading
SPU/BONDS…General Price Action…GS
The first question: is today’s high in the Bonds and the Low in the S&P it? We know that it was a great place for a reaction trade, the Bonds will now try to seek out an eventual 138 print ( which … Continue reading
Price Action SPU/BONDS
Day Traders… I am personally in no mood to bottom pick, however I would pay attention to the 1150 level in the Spu and 139.18 in the 30 Yr bonds to see if any contra trend trades are generated off those levels … Continue reading
Recap…Sellers Remorse
Major resistance is major resistance…Since my clientele have differing goals..here goes. Long term private wealth guys were looking for a low risk area to bottom fish..They do not wish to be in and out….that is why we only took half … Continue reading
General Price Action…Stocks
We’re going into the end of this capital flow in the next few minutes. Those wishing to be extremely conservative should take 25% of your longs off. The afternoon can be a whole new ball game. The market will need … Continue reading
S&P 500 Futures…SSO
1178- 1185 is still the major resistance level in the Futures, with a close over 1186 being positive. We will sell 50% of our long positions no matter what instruments we’re involved in based off this S&P Level!!!!!!!!!!! Place your … Continue reading
EUR/CHF…Technicals
107.70-108.20 is the first big Fib Zone. 109.50 is next.
EUR/CHF…Pattern Alert
A close over 105.22 is needed for an outside daily reversal pattern. I am watching this level to see if it correlates with an end to the general RISK OFF TRADE.
General Market Price Action..S&P 500 Futures
Everything is a big day trade with 15-20 point swings now the norm.. Bigger swings will be app. double that, with 80 points being a big standard deviation move. Always pay for your trades and do not lose money.
A.M. Look 8/10/11
SPU…1178-86 is the key resistance level. Only a close over 1187 will have me thinking the worst is over. Many instruments completed multi-year swings or came close Monday night into Tuesday. OIL, CAT are stand outs. AAPL..old resistance become support … Continue reading
8/9/11
Last night’s lows in the Oil came very close to completing a 50% re-trace from the 2008 low of $33. Aussie…102.88 will become pivotal.. The SPU & NASD will continue to be highly volatile….SPU/BOND spread was almost enticing last night … Continue reading