Tag Archives: Technical Trading

Opening Range Trades

Posted on 07/27/2011

This type of trade can often set the tone for an early day trade or the early week bias out of Asia. It’s not a hard and fast rule, but more of a conceptual idea to trade from a side … Continue reading →

A.M. Look 7/27/11

Posted on 07/27/2011

The main feature last night was the Aussie. Major stops were elected over 110.20. 110.81 ( 1979 low)-111( opening of trading in the AUD/USD 1971) is the resistance I show. 111 is a huge # for me on a lot … Continue reading →

30 Yr. Bond Futures…TBT

Posted on 07/25/2011

You just got your match in the 30 Yr. Futures and the TBT. That match is 124.23 ish Sept.Futures, matching the TBT fib of 33.55.. You now need all new weakness in the Bonds  Futures under this level and strength … Continue reading →

CAT

Posted on 07/22/2011

103.22-102.50 This is the major hold level for this instrument. It represents a 50 % re-trace of this past swing

A.M. Look 7/20/11

Posted on 07/20/2011

USD/CAD The Game plan remains the same with the Canadian Dollar ( USD/CAD-FXC).  Sell 25% of your long FXC on a running of the long term stops @ 94.45 USD/CAD. Sell 25% of your Long FXC near Dr. Nenner’s Tgt … Continue reading →

30 Yr. Bond Futures

Posted on 07/19/2011

126.27 + a few ticks is 50% back for the past 2 years. The daily all session is attempting to put in an outside reversal higher daily pattern.

Gold & Silver…Pattern Alert

Posted on 07/19/2011

1591.40 is the important closing level for the All-session contract. A close below would put in a very trad-able high in the Yellow Metal. Silver…39.64 is the closing # Why, Bonds have rallied creating a full on rush to find … Continue reading →

Crude…IBM

Posted on 07/19/2011

98.54 basis (Q) looks to be the top of this rally for now. Do not press direction. IBM has been on a huge tear. Based on the RSI’s, price action up here does not look sustainable. Pay attention to mid-day … Continue reading →

A.M. Look 7/15/11

Posted on 07/15/2011

Let the day set up. Most traders are worn out from the recent moves. It’s been a scalpers paradise. I have been inundated with e-mails from long term investors wishing to initiate new buy and hold positions.  As of now, everything seems … Continue reading →

A.M. Look 7/12/11

Posted on 07/12/2011

Just a couple of observations…. S&P 500 came down to where the rally started 2 weeks ago. The P&F chart now looks like all new weakness under 1298 or strength over 1318 is needed for directional follow through or change. … Continue reading →