Tag Archives: XLE
Risk Positions…Stop Adjustments
Currencies… I don’t see any reason for shorter time frame traders, particularly those with the ability to trade either cash of Futures in the Currencies, to have exposure over the weekend. Sunday will start a new game. If the market … Continue reading
A.M. Look 2/10/12
30 Yr. Bonds…We currently have a double top and a double bottom on the Monthly Bond Chart. 140.22 (H) Futures is the bottom level currently in play. Closing below this level, coupled with sustained price action below 140.22, would have us … Continue reading
A.M. Look 2/8/12
Early yesterday when the Spu’s showed weakness the AUD/JPY did not. AUD/JPY…( Long Aussie/Short Yen) remains a leading risk on indicator. 84.00-84.12 is the next short term resistance level. DAX….shows no significant resistance until 70000 Copper…there are resting stops above … Continue reading
A.M. Look 2/7/12
Point & Figure Patterns this A.M. shows a double top in the SPU’s @ 1342.50 and the Brent OIL @ 116.70. Long Brent/Short WTI is the feature in the Oil Mkt. Spu’s…is all about where and how they hold breaks today into … Continue reading
COP…OXY…XLE
COP…71.76-80 will be a spot to pay for your longs ( sell some out) for those of you that are inclined to trade that way. OXY…103.83..there should be resting stops above this level. It’s not the worst idea to pay … Continue reading
A.M. Look 2/6/12
The strength in the dollar and the weakness in the precious metals has been the feature since the opening bell last night. SPU…we are looking to see a probe into the 1327.50-29.50 area & NASD..2500-02 during the Chicago pit session … Continue reading
XLE…OXY
XLE… Breaks out to the upside on the monthly maps with a close over 73.30. We’re looking to add to this position with a close over this level. OXY.. has been a long time favorite to trade. We believe you … Continue reading
Position Update…OIL
……………..Stop Close Profit Points Long TLT 116.50 121.70 Long XLE 70.40 80 Long NEM 59.80 … Continue reading
A.M. Look 2/2/12
This market remains a stock pickers paradise. The dating process has found the partners remain somewhat fickle. Good on the first date, not so good the next… The stock rotation makes it tough, with most instruments being an Island unto … Continue reading