30 Yr. Bonds…the next set of month sell stops are 142.00 tgting 139, however this instrument is oversold short term with a double bottom @ 143.16 put in overnight. TLT…116.56 is support. Once closing below we‘re looking for 111 Spu’s…need … Continue reading
30 yr.Bonds…143.22 is the next big test. This should roughly line up with 66 in the TBT. A close under this level in the Futures and over 66 in the TBT will add more fuel to the dollar rally. Only … Continue reading
Euro…We’ve seen a big rejection in both the Bunds and the U.S. 30 yr Bonds. Lower Bonds = lower currencies against the Dollar. A close today in the Euro below 129.70 is a sell on our work. A close below … Continue reading
30 yr. Bonds…after putting in an ORL day and week on unemployment, Bonds are attempting the triumvirate which would take a close under 144.00 at Month end. Spu’s…still need some sustained and closing price action under 1619 for lower. Gold…needs … Continue reading
USD/JPY…is poking it’s head up on the monthly, which could lead to the Yen eventually moving to the 107 area and beyond. In the meantime were at multi year levels in USD/JPY and EUR/JPY which will make me reticent to … Continue reading
We’re looking for just shy of 63 for an initial swing up. Take 70% of your profits here. You should be working an OCO order (one cancels the other). You’re selling TBT on a 61.40 stop or selling TBT @ … Continue reading
Today’s low will be a near term pivot for the TBT. A hold and it will try higher. A failure at today’s low and you’ll see 60.30. Buy with a tight stop against 61.40
GBP/USD…buy stops are just over 156.10. Once above look for 157.30-60. Daily support and the downside pivot is 155.25. Below, look for a figure to the low 154’s. EUR/GBP…macro sell stops are under 83.90 Euro…131.32 is support and the downside … Continue reading
Look to the 30 yr. to run the board today. Bonds held 146 just missing our downside support by 2 ticks, now they could give you 20-30 ticks back up. 146.29 is resistance. Spu/Bonds…