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Monthly Archives: January 2013
Platinum…Risk Indicator?
Platinum has led the entire Risk rally just as it did in the beginning of 2012. Expect some more Dollar strength over the next 30 minutes to an hour. If this price action follows through this afternoon we will be … Continue reading
Euro
Stops lie just under 132.70. Recovery over 133.56 will have the Bulls back in control. 132.20-00 is support. Shorting the Euro is the wrong way on the major crosses. This simply means that selling strength, not weakness, is the better … Continue reading
A.M. Look 1/18/13
Gold…1700 followed by 1715 are the next resistance levels. Gold has to stay above 1681. Silver…32.40 ish is the next resistance zone. 30 yr. Bonds…145.31 is first resistance. 146.23 is the closing # the bonds have to stay above to … Continue reading
FXI
Punt of the Month… China economic data comes out tonight. You’ll either be a “Hero or Zero” Buy the Jan 42 calls for expiration tomorrow which are around 5 cents or Buy the Jan 42’s that expire the 25th for … Continue reading
Gold…Pattern Alert
The Gold is trying to put in the pattern it couldn’t complete yesterday which was an ORH in the GLD ETF as well as the futures. 1691 is the short swing Fib resistance the first time up.
Spu…S&P 500 Futures
1474.50 was last years high. Day traders looking for a short should use a stop over the Globex high of 1476
Gold…Stop
I’m getting a lot of questions on the Stop. It was written as a closing stop ( meaning it has to close below 1674 to be elected) That’s always a 2 edged sword. Many of you used the stop intraday. … Continue reading
A.M. Look 1/17/13
GS…by remaining over 139.20 this can seek 149 AAPL..511-515 is resistance with sustained action over 519 needed for higher. 498 is current support. AGQ…double long Silver has closed two days now over the 200 day. As long as this closes … Continue reading
Gold…Trade Alert!
Buy the Gold with a “1674” stop. We’re looking for 1715 ish initially. ETF traders GLD…A close today over 163.17 should have you long looking for 165-166
A.M. Look 1/16/13
USD/JPY…is winding up for another move. If the chart pattern in AUD/JPY is true, ( ORL day) yesterday with follow through last night, this could be the start of a rebound in Yen Futures. The dollar point & figure is … Continue reading