Midday Missive

NEM…put in a terrific low today on a very long time frame chart.
We’ll look to buy it tomorrow or on a small pullback against today’s low which
is also a double bottom on a monthly chart.

BHP…has broken out to the upside.

GDX & GDXJ…both look great against today’s low.

EUR/JPY...as mentioned last night, holding 128.40 area is big stuff leading me to believe that 95.80 USD/JPY will cap the Yen rally in the near term.

AUD/JPY…we spoke about how big of a level 86.40 was yesterday morning.

DXJ…anyone wishing to buy Japan should use 44.30 close as a stop.
45.61 is unchanged on the qtr. By maintaining above this level tomorrow
it can catch a bid into month end.

Japan and the Yen are trading in tandem. You can’t trade the stocks without
paying attention to the currency.

Gold…closing above 1315 tomorrow will have investors piling back in.

130808_143304_CQG_IC_Chart_S_BHP_-_BHP_Billiton_Daily

130808_143145_CQG_IC_Chart_S_DXJ_-_WisdomTree_Japan_Total_Dividend_Daily

130808_143925_CQG_IC_Chart_S_NEM_-_Newmont_Mining_Corp_Hldg_Co_Semi-Annual

 

This entry was posted in Archive and tagged , , , , , , , , , . Bookmark the permalink.