We’ve rejected 86 usd/jpy first time in ( app 116.30 ish) 86.27-34 ( futures 115.87-96) The forward is app +5 ticks This will be a key closing level today…A close below this level in usd/jpy ( above in the futures) … Continue reading →

It’s been an epic battle all day between the bulls & bears.. With an hour to go it’s still inconclusive. A close in the Spu above 1099.50 keeps the bulls in charge. A close above 1111 and they will have … Continue reading →

Tomorrow is month end. Directional changes are more likely on or around these dates. Last month,which was the qtr close, we wrote about the Euro and the likelihood of a directional turn. It turned alright and I am now going … Continue reading →

The levels to watch in the spu have not changed..1118 and 1127.50 on the upside. Price action below yesterday’s low of 1105 ish and the longs will head for the hills. The 30 yr bond level of 126.05-07 will be … Continue reading →

The closing levels to watch today for more equity follow through are 1118 in the spu 1911 in the Nasd These levels should prove difficult to breach early, however closes over these levels will lead to more upside in the … Continue reading →

Aussie just traded to 90.30….90.30 is the number Charles Nenner has for more upside momentum… The Aussie has to close above 90.30 for more stock strength. The s&p just traded unchanged on the year at the same time Aussie traded … Continue reading →

1095.70 was Fridays outside reversal level..the The past few Mondays have not proved to be happy days for the longs so keep your parameters very tight. The next 20 points up should prove to be difficult. A close Friday above … Continue reading →

642.70 Russell sept futures 1095.70 Spu sept. futures. The above levels are today’s closing numbers for outside reversal closes to the upside in these indices. That would be price positive for the stock market and all risk on trades! .

I do not perceive any big changes in the board today. What was resistance now becomes support in the spu. 1085-87 on the downside for first support….with 1111+- a couple of points remains the big upside hurdle ( unchanged on … Continue reading →