Follow the money…Follow the world currencies against the dollar.. All the major trading currencies held significant support last night in early London. 138.80-139 Euro 98 Aussie 102.60 usd/cad When the currencies hold so do the equity indices. This is why … Continue reading →

There is nothing early that’s a stands out as a key for market direction. Major downside momentum levels held yesterday in the stock indices. Only closes below yesterdays lows would signal a top. Dr.Nenner has a projected short term low … Continue reading →

Yesterday I spoke about how the effect of the crosses can hold up the Yen.. Today was a perfect example…Short everything (Almost all other currencies)/ long yen.. Hence the big price rejection off 82 Usd/Jpy… I can’t help myself but … Continue reading →

Some parts of the board look dramatically worse than others.. Having prematurely puked my SDS yesterday, In an abundance of caution, I recommend putting some back on against any long exposure you have. I will use a 27.20 closing stop … Continue reading →

It’s a risk on risk off world…Today my focus is on the Aussie and Canada Dollars The Aussie just broke 98 The Canada hold # is 102.80 ( app 97.15 DEC Futures) These are closing levels. The peripheral currencies like … Continue reading →

Bac early a.m. and then Goldman in the afternoon XLF is an undervalued ETF compared to the rest of the Board.. If you have no exposure to this group, this is one to pick up. You have to be willing … Continue reading →

It’s going to be a trade what you see kind of a day led by profit taking in short dollar positions in Asia ending in early London. We’re long the UUP from Fridays close so we have a little breathing … Continue reading →

The dollar index has put in an outside reversal day to the up side.. Meaning the dollar has put in a trad able low. The cash currencies still have 45 minutes to go. A close below 139.50 euro puts in … Continue reading →

Closes needed for outside reversal days.. FXI…45.51 China EEM…46.54 Basket of Emerging markets Ewh…18.97 Hong Kong EWZ…80.06 Brazil Ewa.. 24.69 Australia Nasd 100 futures 2042 Euro…139.50 Aussie…98.91 Usd/Jpy..81.90 Profit taking abounds….Long term investors should take their money off the table … Continue reading →

The most striking tidbit this morning is Goog being up close to $50 and the indices are basically unchanged. The currencies had another wild ride last night which to me shows people are paring back their short dollar trades and … Continue reading →