Monthly Archives: December 2011

A.M. Look 12/16/11

Posted on 12/16/2011

Today is our last scheduled update into year end. We will be leaving for client meetings in Asia, returning just before year end. A big thank you to my clientele, you still make it enjoyable to stare at the screen … Continue reading →

A.M. Look 12/15/11

Posted on 12/15/2011

Today is the last day for Dec. Stock Index Futures to trade. This day in September the close was 1204 in the S&P 500 expiring futures. Yesterday’s comments for Day Traders should be reviewed! Utilization time! We were looking for … Continue reading →

Day Traders

Posted on 12/14/2011

Sustained price action under 99.40 AUD/USD is negative. This could lead to a test of the 98. AUD/JPY…76.90-76.50 could be in the cards with more selling of Dollar denominated assets and the straight buying of Dollars. Spu’s…every new low can … Continue reading →

Gold

Posted on 12/14/2011

In this weeks episode of the mid-week shuffle, Gold is worth keeping your eye on. The 200 day mvg. avg. comes in between 1615-18 depending on day or all session continuation charts. Rather than picking a number, use the general … Continue reading →

A.M. Look 12/14/11

Posted on 12/14/2011

EUR/GBP…This cross looks to be headed for 82. Dollar Index….80.43 is the Oct. high .By maintaining prices over 79.27, this looks to be breaking out on a qtrly chart. Meaning a stronger U.S. Dollar. SPU’s…The March contract still looks like it … Continue reading →

EURO…SPU

Posted on 12/13/2011

130.60 Euro is the 2/3rds fib coming back for the past 2 years..( big level) Only a couple of closes below here will give lower tgt’s. Point & Figure Chart shows new price action under 1228.50 March S&P 500 Futures … Continue reading →

A.M. Look 12/13/11

Posted on 12/13/2011

So far the Spu’s held right where they needed to @ 1221.50 for another bounce. Confirmation of the level was given by the commensurate matching levels in the Aussie, AUD/JPY, EURO and OIL all holding macro support levels yesterday into … Continue reading →

AUD/JPY….Spu’s

Posted on 12/12/2011

78.00 is an important level. Closing below this area is negative Equities. Price action below 78 AUD/JPY shows 77.30 ish as the next significant area. SPU’s…The technical levels have not changed! At this point I would look for a test … Continue reading →

AUD/USD….Aussie Dollar

Posted on 12/12/2011

Fib matches come in @ 100.30-50. This is a level to match up with a possible low in the Equity Indices. Watch for overall market tone. Aussie and the Indices generally move in the same direction. The Aussie was the … Continue reading →

A.M. Look 12/12/11

Posted on 12/12/2011

More of the same, the day trade continues, disappointment with Eurocrats leads to a risk off A.M. London session. Today’s Risk off has manifested itself in Dollar buying vs. equity weakness. The weakness in Gold & Oil looks to be … Continue reading →