The Swiss Franc is putting in an outside reversal day (102.38 Z futures) The cash level, which is the important level is 98.15 usd/chf A close over this level will signal the end ( or the porfit lock) of the … Continue reading →

I’ve had a few questions as to leading off on this trade. If you’re long stocks and wishing to hedge buy 20% position with a stop on a new daily low today. 28.65 stop You can add on a close … Continue reading →

SPZ…1135.70 NDZ…1998 GBP… 157.60 Euro.. 135.65 Aussie 96.58 Gold (z) 1306.10 Silver (Z) 21.70 These markets have made new highs for this recent move and are massively overbought. A close below the above levels will put in outside reversal lower … Continue reading →

The end game is upon us. I am not looking for a directional changes today. Today’s path of least resistance is in the direction a market has been traveling over the past few weeks, That is up in the Equities … Continue reading →

I am not looking for much action early today. 1980 Nasdaq was a big hold that had ramifications across all asset classes yesterday. I fully expect the themes to continue into tomorrow…Strong bonds..strong stocks weak dollar coupled with strong metals.. … Continue reading →

First thing on the agenda today is to put a break-even stop on your JJG ETF. This is a trade we’ve caught a couple of big swings on and I see no reason to give back anything going into the … Continue reading →

We’re once again at another quarters end and it’s time to be vigilant for market turns. Be very careful where you try contra trend trades over the next few days. We’ve seen this before where the markets can hang in … Continue reading →

1144 spu and 135 in the Euro are particular levels of interest. With just a few more minutes left in European trading for the week, and the rsi’s being what they are ( very rich) the lemmings have a chance … Continue reading →

Just some general thoughts…The beat goes on… Look for direction to maintain in most everything for another 4 trading days ( until qtrs end) then the game has a chance of changing. Grains….We’re long the JJG and the Corn…we were … Continue reading →

You have a potential double top in the Nasd at 2001.. Apple has reached a major long term tgt. level just over 290.. These two market levels will dictate price action for the rest of the afternoon