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Pro Tips
Pattern Alert…Italian Bond…Spu’s
Italian Bond…96.86 is a key level. It’s attempting an outside reversal day to the downside, which would put this instrument into serious re-trace mode. This has big ramifications for Long the Italian/ Short Bunds.. The spread is flipping. Intervention has … Continue reading
A.M. Look 12/7/11
I have nothing new to add to comments over the past several days. Markets get far more interesting to me the end of next week into the beginning of the 19th. Until then try not to get run over with … Continue reading
USD/BRL ( Brazilian Real)…USD/CHF ( Swiss Franc)…USD/CAD ( Loonie)
177.70 ish USD/BRL should be a reasonable Risk On barometer. Under this USD/BRL level, Risk assets will be in vogue. Over, ( trading towards 180) Risk assets will be less attractive. The Swiss Franc keeps attempting to come back to … Continue reading
A.M. Look 12/6/11
Right now everyone is looking for something to do. The best course of action for the longer time frame trader is to keep your powder dry and remain in cash. Short term guys, do what you do best, pick your … Continue reading
A.M. Look 12/5/11
The board has been mildly Risk on since the Asian opening last night. Europe didn’t disintegrate over the weekend. The world seems to be in wait and see mode, waiting for a clear signal that we can get through the … Continue reading
End of Day
SPU/BONDS…are running the show with the 30 yr attempting an outside reversal higher day. Keep it on your radar. This type of close will not be price positive the equities or Risk assets in general. The currencies have been leading … Continue reading
Nasd 100 Pit
The level there is 2316. Price action under 2288 is needs to force the longs to Puke!
SPU…Pit…Price Action
Classic charting, an opening above yesterday’s pit high 1251, would show a 3rd gap up. Often times, this can be a harbinger of directional exhaustion. So 1251 becomes a key driver the rest of the day. You’ve already had an … Continue reading
A.M. Look 12/2/11
It’s good news week. It will be a price action trade for those playing. SPU…1251 will need to hold the first break “during the Pit Session” and then stay above to maintain strength throughout the day. 1262-66 shows early resistance. … Continue reading
SPU/BONDS
SPU/BONDS at a tough level! Crunch time for the spread…this is a pivotal spot for 2 figures either way. Pay attention to your time frames. Do not reach for trades.