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Pro Tips
Gold
In this weeks episode of the mid-week shuffle, Gold is worth keeping your eye on. The 200 day mvg. avg. comes in between 1615-18 depending on day or all session continuation charts. Rather than picking a number, use the general … Continue reading
A.M. Look 12/14/11
EUR/GBP…This cross looks to be headed for 82. Dollar Index….80.43 is the Oct. high .By maintaining prices over 79.27, this looks to be breaking out on a qtrly chart. Meaning a stronger U.S. Dollar. SPU’s…The March contract still looks like it … Continue reading
EURO…SPU
130.60 Euro is the 2/3rds fib coming back for the past 2 years..( big level) Only a couple of closes below here will give lower tgt’s. Point & Figure Chart shows new price action under 1228.50 March S&P 500 Futures … Continue reading
A.M. Look 12/13/11
So far the Spu’s held right where they needed to @ 1221.50 for another bounce. Confirmation of the level was given by the commensurate matching levels in the Aussie, AUD/JPY, EURO and OIL all holding macro support levels yesterday into … Continue reading
AUD/JPY….Spu’s
78.00 is an important level. Closing below this area is negative Equities. Price action below 78 AUD/JPY shows 77.30 ish as the next significant area. SPU’s…The technical levels have not changed! At this point I would look for a test … Continue reading
AUD/USD….Aussie Dollar
Fib matches come in @ 100.30-50. This is a level to match up with a possible low in the Equity Indices. Watch for overall market tone. Aussie and the Indices generally move in the same direction. The Aussie was the … Continue reading
A.M. Look 12/12/11
More of the same, the day trade continues, disappointment with Eurocrats leads to a risk off A.M. London session. Today’s Risk off has manifested itself in Dollar buying vs. equity weakness. The weakness in Gold & Oil looks to be … Continue reading
Technical and Gap Trading 101
SPU…(H) 1221.50 is the top of the recent pit gap…Levels like these are generally, high percentage directional traps the first time in. You saw the big rebound off the area last night to re-test the reversal close of 1244. Then … Continue reading
A.M. Look 12/8/11
Today will be an event driven trade with the BOE & the ECB rate decisions, notwithstanding all the expected rumors that will be coming out all day. Pick your spots and take your money, I’m sure you’ll get a couple of … Continue reading