Oil…93.80-94.00 is near resistance and the closing hurdle. 94.37 is mvg avg resistance. Bunds…need to sustain under 145.50 and close below 144.85 for more downside. General Comments… We’re seeing some correction in the Yen crosses and the world Bond markets. … Continue reading
Pay for your trade @ 146.20, just above the old stops and last week’s upside breakout. We’re looking for the low 145’s on this swing. The trailing buy stop for this short is 147.23.
Start scaling into a short 30 year position between here and the 200 day of 147.20.
EUR/JPY…128.60 ish can reject the first time up. As long as this remains over 126 we’re looking for a test of 132 , however 128.60 is our first tgt level from the 123.30 weekly breakout when we said this could … Continue reading
Natgas infrastructure names and Tech & Banks are leading. NFLX…197-200 will be pivotal and a big closing level. GOOG…should start doing $40 dollar swings to the upside as long as it maintains over. A complete swing will tgt close to924. … Continue reading
EUR/JPY…there are resting but stops @ 126.07. 123.89 becomes the weekly hold level on any retrace. AUD/JPY…shows the same pattern with 99.44-60 being the key hold level. CAD/JPY…97.00 is resistance and the next closing hurdle for higher. GBP/JPY…do not fade … Continue reading
Spu’s.. call me a reluctant Bear, we have to go 1544 sellers to break. 30 yr Bond…P&F resistance started at 145.22 yesterday which gave us initial price rejection, however we’re only concerned with the bigger macro areas which we laid … Continue reading
The low 146’s…04-10 is the next big area in the 30 yr., with resting buy stops above 146.17 from last months unemployment high.
Time frame trading the rest of the day!!! The Bonds need to sustain over 145.07 or the Spu’s under 1552 to get another signal for more weakness in this spread. We’re standing pat with our S&P 500 Put spread for … Continue reading
Spu’s…have to sustain under yesterday’s low of 1559.50 for any downside to materialize. Euro…sell stops are 127.52 which can lead to a test of 126.70. GBP/USD…Cable has the ability to take a look at 150.00-25 30 yr. Bonds…144.07-09 is near … Continue reading