To all my Philistine followers (non-believers) today brings you this months episode of Full Moon Trading.
We are Short Spu/Long 30 Yr. Bonds,Long Gold, Silver and JJG with shorts in the Euro and Aussie currencies. We are looking to add the GBP and the Canada to our shorts (long dollar positions) on weakness through the breakdown areas.
The technical trade continues with bounces off the 1321 Spu and 125.06 30 Yr. Bond #’s. As mentioned yesterday we know these will be tough levels to eat through.
EUR/JPY reacted to the 2/3 rd’s fib coming back on the year. EUR/CHF held 125.10 with a 15 low, hence Euro strength.
CVX…OXY …100 in both these stocks seems to be big closing hold levels. Monitor for market sentiment.
Be patient,trade on your own terms, and let the day unfold.
