Monthly Archives: August 2011

Out of Office Notice

After the close today I will not be reachable until Thursday. I will be traveling to the Great Northern Hinterlands to move my 93 yr.,cigar smoking, martini drinking father into a place more suitable for his age. I will not … Continue reading

TBT…30 Yr. Bond Futures

I have been looking at buying the TBT all A.M. and have as yet to pull the trigger. We’re getting close to the top of the recent range in the SPU. The monthly stops in the 30 Yr. are under … Continue reading

A.M. Look 8/29/11

The board has a decidedly “Risk On” bent this A.M. Let’s see if this can continue for a couple of days. EUR/CHF & USD/CHF are key features of last night’s movement. Suisse has just retested Friday’s low of 122.64 Futures ( 81.58 … Continue reading

EUR/CHF

117.76-118.04 will be an important pivotal level in this cross. This is a re-test of last months outside reversal monthly level.  

Grains…Soybeans

The Soybeans are back to my qtrly pivot level from July. 13.95-14.10 is the level… The beans are attempting to put in an outside reversal month to the upside, which would be a Wednesday close over 14.08.. This has been … Continue reading

Suisse…122.65 Futures…81.55 USD/CHF

That should be it for the Swiss weakness for now..IT NEEDS TO SET UP AGAIN All new Dollar strength over 81.60 ( weakness under 122.60 Futures) is needed for another move to 120.50 futures ( 83 USD/CHF)  

Risk On?…GDXJ

Looks like the S&P wants to show us the 1170’s today. Buy the GDXJ @ the market with a 34.30 stop.    

Yen Futures…USD/JPY

Dr. Nenner this A.M. has put out a recommendation to buy USD/JPY @ 75.50 ( sell Yen). If we get there the stocks will look like they will implode. This level is app 132.45 Sep. Futures. Since this level is … Continue reading

A.M. Look 8/26/11

The past 2 days have given us some massive contra-trend price action. Action that has all the pundits on CNBC screaming that the sky is falling in the metals. This is why CNBCshould be viewed with the T.V. always on … Continue reading

S&P 500 Futures

1176.70 will become pivotal support the first time down today. A weekly close (Tomorrow) over 1206.75 is needed for an outside reversal week to the up. In the meantime trade what you see…you’ll get your opportunities both ways again today. … Continue reading