Today I am just watching the show play out. levels of interest today are as follows: Aud/Usd 87.80 The next significant level down is 86.50. This will be a good level to watch for tone vis a vis more stock … Continue reading →

Eur/Jpy….held the tgt 105.60 Cad/Jpy…double bottomed at the July 2009 low and a major 2/3 rds fib match for the past 2 years. These two crosses have led the currency trade all a.m. Gold held!…Platinum Held the monthly reversal closing … Continue reading →

Bonds…135.07 Spu…1050-53 Eur/Jpy 105-105.60 Short term traders watch your levels for possible reversals. The aforementioned levels can prove sticky the first time in. Do not press direction the first time in. There is always high risk at these zones when … Continue reading →

It’s not the worst idea to take some money off the table in the short spu long bond play. Lock in some profits and have a nice weekend. The Aussie and the Canada are at levels which will make follow … Continue reading →

So far this a.m. they’ve tried to push the stocks both ways with the bonds having the opposite reaction. You still need sustained action under 1083 or over 1098.50 for a break out either way. Until the market can show … Continue reading →

You have a potential 2 day double top at 1098.50.. This has the potential to turn into something significant if the stocks sell off in the last 30 minutes of trading today. .

Today is shaping up to be an early day trading game with the spu having reached the 1098-1103 level yesterday. Today look for rallies to fail initially around the 1095 level. Price action over the above levels would in all … Continue reading →

Traveling the rest of the day. The stock indexes look to be firm into mid week when I’ll be looking for a low risk sale.

Today it will be all about the Spu/Bond spread. 133.19 is the March 09 high we broke from in the 30 year Bonds. The bonds are getting overbought. ( buying strength here is not a great idea) I like the … Continue reading →