Currencies…

I don’t see any reason for shorter time frame traders, particularly those with the ability to trade either cash of Futures in the Currencies, to have exposure over the weekend. Sunday will start a new game. If the market shows risk back on Sunday night, you can always get back in with a tight stop…..Risk off and you’ll see much better levels.

Those of you that wish to be involved should use an all session GTC ( good until canceled) stop.

AUD/USD…106.35 cash ( 105.93 Futures)

CAD/JPY…The stop here is not great..meaning you’ll have to use USD/CAD as your guide. A 100.45 USD/CAD ( 99.50 H futures) will lead to more risk aversion. Equities indices will sell of some more and there will be better opportunities to get involved.

If you have the spread on you should use the Canada as your exit trigger for the stop.

DE….We’ll raise this stop to 86.30

OXY…lower this stop to 102.15 close