FX… AUD/USD…could get as high as 92.30’s. AUD/JPY…92.15 is weekly resistance EUR/AUD…143.11 would be an extreme low today. General Comments or Valuable Insight The Aussie and the commensurate crosses are what’s in play today. EUR/AUD could eventually work … Continue reading
Stocks.. Spu’s…needs over 1654 resistance to confirm higher. DAX…8270 is resistance and the upside pivot. Euro Stoxx 50…2790 is resistance and the upside pivot. Nikkei…14.170 is resistance and the closing upside pivot. Bonds… 30 yr…is caught between 132.15 & 131.22. … Continue reading
Stocks.. Nasd 100…3083 was last months close. It all comes down to the end of day, will it close higher or lower on the month? Bonds… 30 yr….132.15 has to hold on a break for higher. FX… Euro…needs a close … Continue reading
30 yr. Bonds…the pit session is attempting a daily ORH with a close over 132.28. The all session chart needs a close over 133.16 for this pattern. In any event 133.23-25 is resistance the first time up. We pointed out … Continue reading
They’ve held for now… You can buy the Spu’s or the SSO with a stop at today’s low looking for upside follow through into month end. The most important aspect of buying these dips in here is you know exactly … Continue reading
Stocks.. GS…149.28-148.71 are where the macro sell stops lie with 147 being the 200 day which should bounce on an overrun the first time down. GOOG…847-844 is weekly and monthly support and the macro downside closing pivot. Look for a … Continue reading
When trading becomes emotional and not fundamentally driven, instruments can go a lot farther than you think. Many fundamental traders have been taken out on stretchers to the poor house while mumbling that the markets should not have traded like … Continue reading
Stocks.. Nasd 100…3085 needs to hold on a closing basis. JJG…49.90 is resistance with all new closing strength needed over 50.20 for more up. Bonds… 30 yr.…132.25 is resistance and should reject the first time up. 133.25-30 is the lowest … Continue reading
Stocks.. JJG…looks to test 47.90. Closing over 48.30 will start another leg up. TBT…78.78 is next fib support. The match it up with the 30 yr. levels. EWZ…sustaining and closing over 43.90 resistance, will lead to further gains. IYT…116.00 is … Continue reading
Stocks.. Spu’s…1629-30 is short swing Fib support. Closing under this level will lead to a new dynamic, which we’ll address if we see price action under this level. Sustaining and closing over 1644 would confirm a temporary low, something we’ve … Continue reading