Eur/Gbp 86.77 is the 3rd qtr close…as previously mentioned a close under 87 in this cross tomorrow would put in an outside reversal lower weekly close. This is a price negative pattern which would then allow you to sell Euro … Continue reading →

The Euro, Aussie,Oil, Gold and Silver have held major support today. It presently appears to be dead money..The market is not going anywhere. The indices keep holding support on the breaks. Hopefully the partial portfolio protection that it’s provided allowed … Continue reading →

Any trader looking for significant Euro weakness ( retrenchment) needs help from the EUR/GBP cross. On a weekly basis EUR/GBP has to maintain and close under 87.

I have no great insights this a.m. Day traders will have to wait for the day to unfold.. The markets in general are still caught in a range.. Euro needs under 138.60 ish to get excited or a close over … Continue reading →

27.33 was the low Friday in the SDS… I expect a trade at or very close to this price.. A close over 27.57 is bullish the SDS and bearish the stock indices. This would put in an outside reversal day … Continue reading →

The opportunity for World Financial leaders to agree on anything has come and gone. Risk on is back in full swing. Pretty much long everything in a chase for yields with a devaluing Dollar This mornings highs in the Euro,Silver,Gold … Continue reading →

I started to write a bond piece on the 30 year twice in the last hour about the 131.01-06 area and it’s importance going into next weeks low. This is a big trad able level in the Bonds for the … Continue reading →

Volatility in the currencies persist. Stops for the normal investor will have to be extremely wide not to get stopped out. Right now some of you have a very small long Eur/Yen or Aud/Yen position with Long SDS portfolio Hedges … Continue reading →

1064.25 Spu 3:15 pit CST 2070 Nasd 3:15 pit CST Closes below these levels will put in outside reversal lower closes. These are price negative patterns! Big caveat!!!! These are closing levels! If they Bulls can jam the shorts like … Continue reading →

First the currencies across the board are not holding up (Strong Dollar) You’re witnessing profit taking all across most asset class For cheap insurance buy some more SDS with a stop using a close in the Dec. Spu above 1181