Tag Archives: Technical Trading
Long…30 Yr. Bonds/TLT
We’re going to be looking to add more to this position later in the day. The point & figure shows 139.16-20 (M) Futures as resistance. This is our 1st tgt area for this wiggle, which should take a couple of … Continue reading
TLT…30 Yr. Bonds…Trailing Stops
Our short term price tgt’s have been met! Those of you who wish to trade that last piece of your longs with a trailing stop, should use 136.13 in the 30 Yr. intra day. 111.40 ish TLT.
TLT…Stops W/Update…Trade Alert!!
The June Bonds need to sustain over 136.24 for another 10-15 ticks. The TLT is banging up against the 200 day Mvg Avg. @ 111.87 today. Given the length of the rally already, and our belief that this last push … Continue reading
Aussie…Stop
Use 105.55 AUD/USD cash Intra day (App 104.45 June) for a trailing stop on your Longs. Your order to sell ( take profits) should remain in place. You should have an OCO order working to sell @ either 105.40 (M) … Continue reading
XCO…Trade Alert!!!
Yesterday EXCO resources put in an ORH day. This is a cheap look against 7 dollars. Put this on your buy list, on weakness. 7.67 is the 50 day mvg avg. This could easily test 8.15.
Yen ( Pit)…Pattern Alert
A close over 120.23 puts in an ORH. App ( 83.17 USD/JPY) Sustained Price Action over this level will lead to a test of 121 for a start. ( app 82.65 USD/JPY) Caveat….The cash and all session futures charts DO … Continue reading
30 Yr. Bonds & Bund Pattern Alert
There is a potential daily double bottom in the 30 Yr. bonds @ today’s low, however we would need to see a close over 138 (H) and new price action above 138.14 (H) to confirm a low. Violation of the … Continue reading
Gold Daily Continuation Chart
Gold shows that more weakness is on a closing basis below 1626.. The horizontal level shown on the charts 1640 ish represents an area that will not be friendly to those initiating new short positions the first time down… More … Continue reading
AUD/USD…Aussie Technical Levels
Aussie….104.92 is the first major 3rd from the Dec. 19th low. “It’s a big swing area” Mvg avg’s today are 104.51….104.07 ( 200 day) 50% of the major swing is 103.70. The moving averages movement will be negligible over the … Continue reading
A.M. Look 3/12/12
The markets are living in a technical world. Gold…retested it’s Friday ORH break out last night and held for now. The point & Figure charts show, by not sustaining above this area, it is vulnerable to further sell offs. It … Continue reading