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On Point Executions’ Bob Heller on the levels and trends in the markets that traders look for and follow.
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I was especially when it's their money.
With a major averages nothing wrong with that -- the major averages that's what you guys look at often apparently moving today but let's find out what levels that traders are watching.
We'll really see them -- joining me out of Fox Business exclusive -- Heller from our point executions would pull them off the floor of the IC right here.
To -- data wizard and then let's just pick up the S&P because that's what a lot of traders look at.
What do you see here and what are we looking up as far as levels are concerned.
Well I think we're at a key level here we broke through 200 move 200 day moving averages last week when we've had those great up days that -- -- is talking about to kind of it's correct this little downtrend since the election.
That there corresponds about thirteen thousand in the towel and like we heard earlier today people like nice round numbers.
So what we're looking here that.
You know I think a slight upward bias to continue this uptrend but we're gonna have people who were little afraid with the fiscal cliff negotiations -- non negotiations.
So it every -- while we're gonna see some bumps up and out today back and forth across zero of -- seven Erie times.
Well especially because when you look at say for example the Dow Jones industrials and you can see here with the Dow just an intraday picture of how many times this stock has moved.
Just across the flat line it's just unbelievable it's it's really quite stunning their but when you look at wealth -- you know what the ox is not really working -- -- -- we can effectuate that from our our.
Well you can look at that two ways people are uncertain or they're pretty certain and that the markets and balance right now so I -- well let's treated.
Happiness it's somewhat balanced.
Also US dollar weakness lately you know that -- dollar index for example in the there's that you UP -- could look at some of those things and you see that.
So -- up with a dollar and not just against the Euro which has been very strong but.
Other opportunities as well rented.
The dollar rough falling against euros bothering me personally little bit I'm gonna be in Spain next month so have softened Terry get good rates but also.
You know.
-- he received commodities being clobbered at the same time the dollar's been clobbered right that makes people look and say like what's going on.
Maybe it's something big -- -- like when your guests earlier today was talking about.
If somebody has something that in mind here so a lot of times a year it's hard to really tell.
Where it with the ideas are coming from but whereas -- -- of.
Paid for example which gives us a sense of how the dollar trades against a basket of stocks.
And what what matters to you here when you look at these numbers -- mean if you start to see.
What was happening this is the intra day so it started to bottom out there but you know when you look at what's really happening I I get a sense that with the UUP.
If you put out what what type of which one a three month for example.
Both remarked we've received that we made -- a -- a lot of gains against the Euro earlier in the summer and now.
You know in the way gold was just all over the place.
But now I guess -- -- people who -- looking for ended the year plays uncertainty still like -- -- all these.
Long term -- Thank you want to look at certain names -- -- hedges now for example you talked about Procter & Gamble what is it about Procter & Gamble that you really feel was something investors should.
-- -- -- -- We have some customers and Procter & Gamble it's consumer staple that looks like a safety -- I mean when things are you know cut and it should still sell things even in tough economic times.
But we -- -- -- in particular has had a hard time you're getting across seventy dollars the last few months every time he gets up there it's it's not gone through so some -- customers are wondering.
How I can lock in some this morning have made this -- the seventy level can't get right so then not necessarily dumping their Procter they're looking to hedge that maybe by doing what we call collars buying some puts to -- the down move but also selling some upside calls to help finance that.
That transaction for do you think the market's going down in the next couple weeks I think -- will be.
Some.
Really jerky down moves but I think it would be a slight upward trend for the rest of the years.
Just depends on you know the posturing with the fiscal cliff.
-- Heller while while you were talking about the Dow across the flat line another 38 times 52 cents a bet down again -- with every record on.
Very you know we'll find out all right Charlie Brady what is the record on that but Keller from our point executions thank you so that's all right we've just.
