You first day. I have a double bottom on some Spoo & Nasd long term point & Figures. I have lower targets than can be achieved. Spoo & Nasd would need to negate the Qtrly ORL pattern to think this … Continue reading →

Technicals turn first-Fundamental reasoning follows The Yen is running the show. I went through all the Yen FX crosses to show you how AUD/JPY and MXN/JPY (thanks to heads up from Yra) is mirroring and confirming the highs in the … Continue reading →

I’ve been going through the Yen against everything. Whether it be other currencies, Gold or the Nikkei everything matches up. All into support. That just tells me that you do not want to be selling weakness out of the gate … Continue reading →

Looking for the Spoo to trade higher, close to 5631 and then I’ll take another look. FX…Yen has come about half way back for its recent swing. Most Yen crosses are in the middle of nowhere with the exception of … Continue reading →

Full Moon Trading June was a grinding Month. Members were whinging about the lack of Vol. If you recall I said there is typically a big July move before traders on both sides of the Pond make themselves scarce for … Continue reading →

Taiwan semi is emblematic of the Nasd trade. The current guidance bounce is uninspiring. The board is a giant gap game based off the Pit Futures. Will it retest its break down gaps of yesterday or continue down for a … Continue reading →

Welcome to everybody gets screwed day. There are too many instruments from Yen and its crosses to the Indices, which are at critical hold levels. Risk spreads are at mvg avg support matching all the Yen crosses, and I mean … Continue reading →

Long Russell-short all other indices. Upside levels were sent yesterday in the Russell. Oil…80.50 is initial support. Looking for a print below 80. Two yr. Futures are unchanged on the year. 30-2 yr. spread is where the players are betting. … Continue reading →

Best trade location is the Nikkei. Everything else remains a trade with sector spreading. Just let the board set up today.

Bloomberg was full of articles about noted Bears throwing in the towel this A.M. Unless you are technically correct you are fundamentally wrong, something those Wall Street economists have never understood. The only thing that matters is price. For over … Continue reading →