Monthly Archives: December 2010

A.M. Look 12/17/10

30 Yr. Bonds…Per our M.O. we took the bulk of our money on our short Bond ( Long TBT ) a day early…the short term pattern shows a nice daily double bottom. The high 121’s to the low 122’s should provide … Continue reading

A.M. Look 12/16/10

The whole board this a.m. shows contra trend relief moves from yesterdays big directional moves…. The euro needs a close under 131.80 to extend down.. Yen got the stops in the futures in the low 118’s as the straight Usd/Jpy … Continue reading

Aussie

The macro stops are just a few ticks lower at 98.27 ish cash. Day traders can finesse the area, Longer term guys take another piece of the shorts off by 2: P.M. central time.

AUD/CAD

This is one to put on the radar….We’re short the Aussie… The Canada seems to be a big beneficiary of the dollar rally we’re seeing today. A weekly close under 98.61 in this cross will indicate more downside in the … Continue reading

A.M. Look 12/15/10

In keeping with my comments yesterday about trading to make money this time of the year, We’ll take 20-30% of the short Aussie off at the market to pay for our stop. The copper chart shows the potential of more … Continue reading

Aussie

Add another 20% to the short Aussie position at the market with the same stop. It is a closing stop over 100.50 cash.

Aussie

Time to take a 30% short position in the Aussie against a close over 100.50..CASH This one might be a day or two early, however we know where we are wrong. Short the Aussie becomes a hedge against the remainder … Continue reading

TBT

Time to take our money before the Fed.. Let’s take 70% of this trade off… Sell 70% of your TBT at the Market! If there was ever a day set up for a drubbing this is it.. Book the money. … Continue reading

A.M. Look 12/14/10

Two comments in currency land this a.m. 1) The Aussie @ 100.19 cash has printed my initial target for this short swing from yesterday. The futures fell 10 ticks shy. There is a possibility of another 30-40 points before price … Continue reading

Bonds…Pattern Alert

There is now a possible weekly double bottom in place the the Dec. 30 year after making a lower low form last week by 2 ticks.. A close over 123.25 Dec…122.08 March would mean we’ve seen the low for a … Continue reading