The Aussie ,Canada,Suisse and EUR/CHF are all in play today. Please refer to the recap levels yesterday.
122.96 EUR/CHF should be a difficult level. The straight Suisse futures are attempting to put in an outside reversal week, however the USD/CHF has a little more to go.
We’ve mentioned before that a EUR/CHF correction can have a negative impact on Bullion prices. If the Gold does not start back over 1496 before London’s close we will exit our GLD and SLV. ( That’s 2 weeks in a row I let myself get sucked in on mid-week strength!)
We have market moving #’s this A.M. Your focus should be on the Canada for a low risk set up. Day-traders should look for a re-test of 97 USD/CAD ( app 102.90 futures), if it holds get long Canada Futures against it. (Short USD/CAD)
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 this 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.
The stops have all been paid for except in the metals.
