Friday, June 29, 2012

Friday morning Crude oil chart update

CL chart up date showing the move over 85.. this is a record setting trade today up 9.25%
15 min CL
well the inverse H&S we pointed out last night before the BIG break out has converted into a 5.20% percent gain in less than 15 hours. An inverse H&S within the inverse H&S converted into 82.06 this morning.. book them if you got them.. i wouldn't be establishing fresh long positions up here.. must let it breath first...also NG futures up nearly 2 percent... copper up 4.5 percent.

5 min CL_F - 

Thursday, June 28, 2012

S&P 500 futures take out the 1330 level

15 in ES_F
5 min 6E.. showing a
as we saw a major spike in the euro over the 1.246 level.. we had spoken in the trade for profit forum about 6E wanting to test 6E as well as commodity markets looking coiled up.. the 1335 level is now being converted to support.. 1330 support under... 1340-50 clear resistance up into 1380. EuRO 1.26 has been regained as i type.. 1.27 now target of next line of defense.

5 min CL with inverse H&S

Wednesday, June 27, 2012

Natural gas Daily Chart update

welp.. the 2.5 level converted to support again.. which sent the price of NG into 2.947 this morning.. my previous post highlighted opportunity as the downtrend failed a few months ago..

daily NG
clearly the 3 level is one to watch for resistance .. and also conversion to support.

Check out the trade for forum if you have not

Tuesday, June 26, 2012

Oil Thoughts on a monthly basis

monthly cl 

Thursday, June 21, 2012

I hope this massive head and shoulders in $HG_F does not complete

itself....... as you can see below.. contract volume is highest the metal has experienced going back almost 10 years. if 3.30 fails into 3.. and 3 does not hold 2.5 as we are already back in september of 2008 price territory...

Weekly gold look -

jasfpdoijasfispdaofij - let it burn.. i mean melt

weekly GC

Wednesday, June 20, 2012

4 hour look at Crude after today's destruction of price

77.50 appears imminent as this level goes back to the deepest throws of the Euro debt crisis of mid 2011...... are we using less oil in the US? maybe.. in the world? no. am i fan of lower prices of fuel.. yes... do i think the nature of this fall from 105 to now 80.87 a BBL in a mere 1.5 is indicative of a healthy market? no.

4 hour CL_F 

Tuesday, June 19, 2012

1 hour look at spot gold

6/20 update - 1618 failed
5 min GC
doesn't make much sense does it? 100 point up move.. 90 point down move.. 70 point melt up? now what? 1618 fails = 1600? or will Bernanke turn on the presses tomorrow and we see 1700's?
1 hour GC - note the volume on 6/1 and 6/7 BOTH days of QE rumors... 

Wednesday, June 13, 2012

A Weekly look at the JPMorgan Chart

still.. the 48.36 level remains elusive.. imo financials such as JPM could be a decent play down here for a swing higher.. IF You think greece will be resolved.. and italy.. and spain... also...  notice the time period at which JPM moved from 48 down two 27.50 back to 47.30..

if the 48.36 level can be taken out and converted to support.. the whole sector should be firing on all cylinders... many eyes on this very chart..
weekly JPM 

Tuesday, June 12, 2012

Tuesday Afternoon S&P 500 chart update

1300's held firm this morning which converted into 1305's.. which the buy line eventually butted up against (cyan line) in effect building a base for a move into 1314's which i mentioned @ 1:44 pm ET in a post hinting a  move into 1320's.. which we reached 1320.25 shortly after cash closed.

The below buy/sell signals were posted in real time in live and living color in the trade for profit forum.  Do not over complicate things, if you bot below 1310.. take your profits up here and re group.
5 min ES_F 

The Angelfish formation has revealed herself..

in copper.. 1320's might be on the deck @ this afternoons close if 1314's convert into support. good day. Prof.It.
1 min HG

Sunday, June 10, 2012

Sunday evening S&P 500 Chart look

1342 the high so far.. so this is now immediate resistance.. 1345-50 could be seen by morning if the euro continues to grind at the sound Spanish 'bailout' cavalry trumpet....1330-35 could be the trading range on downside.. which would be healthy... no panic.

The signal from Friday' afternoon around 1309 converted into about 40 handles from the cross. A bullish close on fairly high closing volume friday now looks like smart $.... If your twitter stream is as dead as mine is this sunday evening... we are chatting it up in the Trade for forum.
5 min ES

Friday, June 8, 2012

Friday Evening S&P 500 update

do not short a dull market... the signals were in place..
15 min ES 
5 min ES
never trade alone

Thursday, June 7, 2012

Tonight's Gold Update -

Weaksauce tonight... someone testing the regality of the market....
weekly GC
PREVIOUS post on gold which this above chart continues from 2011 - Trade For 

Wednesday, June 6, 2012

Wednesday Morning euroFX futures update

The inverse H&S we highlighted at 11:25 am ET played out well.. with only 37 people having viewed this post.. as well everyone in the Trade for prof.IT forum .. congrats for not being afraid to click a link..

. 6E is up just about a percent on the day. listen to the tape before you dismiss it.
5 min 6E
lows were defended this morning post ECB mumblings... 1.254 a target this afternoon... as 1.25 target has converted into moderate support.. though 1.244 is stronger...
15 min 6E

Stock market 'lock stepping' - pearl of wisdom

old video.. but a pearl of wisdom hidden within the noise

"opportunism and rational valuation seeking"

Tuesday, June 5, 2012

Tuesday night EuroFX future Update -

continuation from monday's post.. 1.25 regained which is still awaiting a possible conversion into support.  remain cautious, trail positions of profit and keep your eyes peeled. we are not out of the woods by any means.
15 min 6E


Post Cash close look at the S&P's

the inverse h&s we highlighted yesterday going into the close carried the ES into 1270's which converted into 1285-1286.75 after 75's firmed.... Ebb and flow.. crude strength monday despite a weak tape makes a bit more sense Today.

The signals on the chart below were given in real time via the Trade For trading forum... stop buy, twitter is the new Yahoo finance message boards.
5 min ES

Monday, June 4, 2012

Eurodollar futures Update

this is a continuation post from last Friday .. June 1 ... notice i highlighted a 'pinch' which was nothing more than a break/cross up over the downtrend line in place from the mid march highs.

5 min 6E 
now the 1.25 has been regained.. the 1.245 level can no be construed as a level of moderate support... Perhaps a Test of 1.2625 is in the cards.. a level which has not been visited since the latest leg of the euro breakdown started this past monday morning.
15 min 6E 

What about this S&P500 cash close? Games?

update - The blue line was indeed crossed. the signal post inverse H&S highlighted on monday(below)
5 min ES

probably.. shorts do not want to give up.. though were caught off guard by the russell small caps breaking higher off the lows in a inverse H&S pattern.. you can thank the machines for building the right shoulder of inverse H&S in the ES_F - as depicted below.. the blue line must be crossed up through by the price to break higher.  come check out - free forum.. traders talking markets nearly 24 hours a day.

Trade what is not the tape.. not what you think could be on the tape.
5 min 
15 min min ES_F 

Friday, June 1, 2012

A post close look at the S&P Futures

"it's a trap"
5 min ES 

Eurodollar futures pinched over 1.235

resulting in a rise into 1.2412.. over this level could see 1.25 restest easily... this has helped crude reverse off lows of down 5% @ 82.29
15 min 6E

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