USD/CAD

The Game plan remains the same with the Canadian Dollar ( USD/CAD-FXC).  Sell 25% of your long FXC on a running of the long term stops @ 94.45 USD/CAD. Sell 25% of your Long FXC near Dr. Nenner’s Tgt of 93.50 ( app 106.75 ish Futures)

Metals…I was not looking for much more than a re-test in the Silver of around 38.15. We’ve retraced as far as it has too and we are not looking for any more downside. Gold…we were hoping for a chance at the Gold in the mid 1570’s. Sustained price action over 1595 will render that possibility mute.

New clients should take note of yesterday’s dollar high in the Suisse @ 82.75 USD/CHF which put a floor in the metals break. All markets are inter-related, therefore you have to look at the levels that start and stop markets which can come off another related instrument ( not just the straight technicals).

Model Trading Portfolio…Current Holdings

Long FXC… ETF… Long Canadian Dollars