Pro Tips

EEM..

Posted on 03/31/2011

Everybody loves it, however you have a potential double top on a Quarterly chart @ the 48.60 level. If you think this is a must have for your portfolio wait until 47.65-70 so you can manage your risk.

A.M. Look 3/31/11

Posted on 03/31/2011

Today is all about the close..nothing else matters It’s the last day in the quarter. We will be able to use today’s close to set the tone for the next quarter. As you can see most things are moving and … Continue reading →

A.M. Look 3/30/11

Posted on 03/30/2011

Will wonders never cease? Once every decade the Central Bankers have someone on staff that can actually read a chart. I am speaking of the 1985 Plaza Accord, the 1998 Fed Intervention in USD/JPY that took it from 132 to 111 … Continue reading →

A.M. Look 3/29/11

Posted on 03/29/2011

The Yen weakness is leading the Greenback higher across the board. I have been looking for this turn in the dollar off the qtrly close. 115.71 is the qtrly # for EUR/JPY to close above. Euro has been putting in … Continue reading →

A.M. Look 3/28/11

Posted on 03/28/2011

The macro # sets have not changed in the Currencies or Oil from last weeks missives. We are paying close attention to the Metals and the Dollar this week, as it is Qtr end, to see if the Greenback can stage a … Continue reading →

Suisse…USD/CHF

Posted on 03/25/2011

Futures…108.44-60 is a do not sell or cover zone the first time down. app 92.15 USD/CHF

EURO

Posted on 03/25/2011

140.30-50 is a cover zone the first time in. Once fully breached you can expect the Euro to move in 80 pip increments.  139.30-60 is a very big closing area. Remember these are Cash #’s and the forward discount to … Continue reading →

Euro….EUR/JPY…Yen Crosses

Posted on 03/25/2011

141.82 now becomes the key pivotal level for the Euro. Could it actually have a lower weekly close? Start selling the rallies until proven wrong against this level. Pay close attention to EUR/JPY and the shorter retraces. 115.71 is the … Continue reading →

A.M. Look 3/25/11

Posted on 03/25/2011

Last qtr’s high in the Aussie was 102.58…monitor this level! Price action above and it goes again…It will need a close below 101.60 AUD/USD to confirm a double top high. I think this unlikely with the stock strength I am … Continue reading →

Aussie…GDX…MCP

Posted on 03/24/2011

It was cheap Insurance. At this point I would just push the trade and forget about it. The Spu needs sustained price action under 1290-91 for this trade to work. Notwithstanding the Metals and the GDX are still showing lots … Continue reading →