Tag Archives: Technical Trading
Chart Patterns…X
A lot of names look great. Since I am not a fan of chasing with the horde, you have to look at the ones that have not had as big of a run. SLB,HAL & BTU in the Energy and Services … Continue reading
Pattern Alert…Goog
A close today over 631.93 will put in an “ORH” daily pattern. As with X, these should be construed as price positive patterns.
Pattern Alert…SPU’s…S&P 500…MCP
The only # that really matters now is 1272.70 Spu Pit session. A close below this level would put in an interim top in all risk assets with a ORL ( outside reversal Lower day) It remains to be seen … Continue reading
Pattern Alert…Crude Oil
A close below 100.55 puts in an outside reversal day to the downside , however this recent spike low of 99.02 is more relevant. That level is unchanged on the year!
Pattern Alert SPU…S&P 500 Futures
Yesterday’s pit session low was 1280.80. A close under this level is needed to put in an outside daily reversal to the downside. BIG LEVEL!
A.M. Look 1/5/12
We’re presently trading around the buy levels suggested yesterday in the Aussie and Canada. Currency traders can give it a go… Buy a small long position @ the market if you didn’t have resting orders. We’re keeping it small because … Continue reading
Risk Commodities, Risk Management A.M. Look 1/3/12
We are in the ” Trading what’s in front of us business” and translating that into returns. So we’ll just let the board unfold and do the same things that made us successful last year and the prior 37 years. … Continue reading