Monthly Archives: November 2010

Outside reversal update…with positions

Outside reversal months: DXY…..dollar up USD/NOK GBP/USD EURO USD/SGD USD/ZAR….With a double bottom on the monthly 67660 EWA….downside EEM…..downside EWZ….downside DSX…..downside Euro Stoxx 50 VIX……upside In short this is painting a relatively bleak picture for the emerging markets in general. … Continue reading

Eur/Jpy….TBT

108.23 is going to be a big inflection level in the cross Eur/yen needs sustained price action below this level for more Euro weakness. We’re at the other end of the range in the bonds, the area I’ve been patiently … Continue reading

A.M. Look 11/30/10

It’s the last day of the month and you have the closing numbers listed yesterday for reversal closes. A close today under 95.41 Aussie and we will close out this position.

Aussie

Let’s buy a little more Aussie at the market. We know where we are wrong. Being slightly overweight the Aussie on the spread vs the Yen will also give us some cover on our SDS hedges against the emerging markets.

Aussie Dollar

I’d been mentioning to some of you that I would like to try the Aussie around the 94.50-95.50 area over the past couple of weeks. It’s do or die time for a lot of markets. We’ve got big profits in … Continue reading

A.M. Look 11/29/10

Tomorrow is month end and a very broad part of the board has big changes afoot. The following is a list of the outside reversal monthly closes across key currencies and related country ETF’s. Euro…. 136.17 USD/JPY…. 84.00 USD/NOK.. 595.88 … Continue reading

A.M. Look 11/24/10

Long Spu/Short Bonds is once again going to be the flavor of the day… I am still looking to sell the big multi point rallies in the 30 yr. via the long TBT trade at the major fib levels. These … Continue reading

11/23/10 round #2

We have just acheived some big tgt levels in the Euro near 133.50 and the Aussie “Second time down to 97.20” Take a long deep breath….this is the time of day for some directional correction

Bonds…TBT

It’s pick a swing day. 130 +- a few…131+- a few ticks are the major retracement levels coming back up in the 30 Yr. Bond futures from the 125.18 double bottom and our exit area ( app. 138.20 ish in the TBT) … Continue reading

A.M. Look 11/23/10

Month end is 1 week from today. Lemming effect trading will be in full swing. Meaning the markets will get pushed directionally over certain trading time frames and then can have a very abrupt about face. 1179.70 spu, 2122     … Continue reading