30 yr. Bonds..149.11 is the next level. Euro…129.60 is support. I wouldn’t look for much under 129.40 on an initial push. AUD/JPY…100.75 is intermediate support. The weekly shows a test of 99.20 is possible by not recovering back over 101.25. … Continue reading
148.14-16 is the daily ORH level. This level will run the next wiggle in the SPU/BOND spread. Today’s low was again the 200 day Mvg avg in the 30 Yr. The failure at resistance in the Oil will contribute to … Continue reading
30 yr. Bonds…a close above 148.10 is needed for any attempt higher. 147.12 is Point & Figure support. Spu’s…1563 +- a couple is the qtrly pivot and short-term resistance. Nasd 100…2793 is the near resistance. 2800-10 remains our macro qtrly … Continue reading
Spu’s…need to maintain over 1556.50, yesterday’s break down level, to reverse up. Spu’s need to go 1548 sellers again and remain offered to achieve the 1530 1st macro support. 30 yr Bonds…147.18-21 will remain pivotal. This instrument still needs closing … Continue reading
Gold…has hit our downside extreme just shy of 1380. Silver…22.65-75 is a 12 year retrace level that can bounce, however the better level to buy Silver is around 21.50. USD/JPY…97.50 is first dollar support ( app 102.45 ish in the … Continue reading
The next set of macro sell stops rest @ 89.87. We were taken out of our Long SSO shortly after the opening. We still have a 25% position in short 30 yr. Futures. After Lunch time In NYC we’ll revisit … Continue reading
Oil…we were stopped out on our remaining longs @ 93.20. Sometimes I can be a little tight on the stops, however we still captured an avg. 90 cent gain on the other half of the position. It’s caught between 93-95 … Continue reading
SPU…sustained price action below 1557 will signal another about face in the index. SPU/BONDS…are coming back to the 18 day again, which we’ll be monitoring for follow through. 30 yr.Bonds…we’re trading at our first exit zone again of 146.17-20. 146.04 … Continue reading
Use a break even stop on your Bonds. Oil Traders…This isn’t following through and is stuck in a one dollar range. Use a 92.80 stop on any Longs. AUD/JPY…The point & figure shows a small double top at today’s high. … Continue reading