Buy the 30 Yr. Futures @ the market! Time to take some money and wait for a rally
30 Yr. Bonds…we’re close enough to our tgt area, trading in the 139’s, to consider taking some profits. The mid 139’s should bounce the first time down. We remain in sell the rally mode to anything around 142.07 with a … Continue reading
The S&P 500 will take price action under 1653 to break and close under 1642 to confirm lower. 2998 is now the hold # for Nasd 100. A close under 2980 is needed for further downside. The only trade I … Continue reading
The Bonds have broken far enough for today and the TBT has rallied to the resistance level we spoke of 5/23/13. There is absolutely nothing I wish to chase in the Equity Indices of single Stocks. The past two days … Continue reading
A couple of closes above 1663.50 S&P 500 Futures, 3023.25 Nasd 100, 14.820 Nikkei are needed for more upside. All the equity indices are now at closing resistance. GOOG…price action over 880 will have managers looking to buy this instrument … Continue reading
Oil…94.60 is resistance Euro…buy stops are 130.15. We’re only looking at this in relation ship to EUR/AUD as to which currency leads the cross higher. We’re looking for another couple of figures to go before running into resistance. Nikkei…has failed. … Continue reading
Spu’s …1628-30 is the first fib. Rally’s into the 50 ‘s the first time up should be sold. Nasd 100…2960 followed…2887 is the best level to look for a bounce.. SPY…a close today below 166.50 would have us looking for … Continue reading
Bunds…German 10 yr. Bond…is coming into weekly support @ 144.24. Sell rallies not breaks. 30 yr. Bonds…need to maintain under 144 for lower. TBT…tried the resistance @ 66 again. That is qtrly resistance and the upside closing pivot. USD/JPY…103 is … Continue reading
AUD/USD….98.35-40 is resistance and the upside pivot. Buy stops for this swing are 98.80. Those short the Aussie should use a break above the aforementioned level as your trailing stop. GDX…28.75-29.20 is resistance. This is the field of broken dreams … Continue reading