Today is month and Qtr’s end. Expect late day window dressing. Time Frame trading…a whole new game can start after 4 P.M. EST today into tomorrow.
Read Yra!…Low rates = the yield chase continues
These currency levels are from yesterday,they do not change!
Euro (144 Futures)…matches up with 144.50 cash today. Aussie (105.80 futures)…matches up with 107 AUD/USD , Canada (103.25 Futures)…Matches up with 96.80-90 USD/CAD
These are big closing pivots in the currencies!
Closing through these levels is needed for further upside. The next swing can be significant. Watch for tone and direction in relation to the overall equity strength. Closing above these levels, and the dollar can start another leg down, which is Equity and precious metals positive.
EUR/CHF..it would be prudent for all you Euro bears to re-read my comments from Friday on this cross. The end of the past 2 Quarters has led to profit taking in this cross from a very oversold condition, which has manifested itself in a sizable Euro rally. This cross has already corrected almost 3 figures since I wrote that piece. Again,time frame trading, today is Qtr end.
Model Trading Portfolio…Current Holdings
Time Horizon Unknown
Long S&P 500 Futures & NASD 100 Futures
Long GLD,SLV, ETF’s
Long AAPL
Many investors also have a smattering of LONG Miners
PAAS,NEM
GDXJ ETF
The parameters on these are very very tight! The stop is based off 1292 S&P 500 futures and 2279 Nasd 100 futures “Intra-day” ,AAPL has to remain above 331.
