Spu’s…stillneed some sustained price action under 1490 for further downside. AUD/USD…needs under 103.80 to break further. (the futures are trading at a 35 point discount to cash) USD/INR…has been off our radar for a while. This is attempting an ORL … Continue reading
Oil…98.09-25 is resistance and the closing upside pivot. A couple of closes over this level will be needed for more upside. 30 yr….recovery over 144.02 is needed for a trad able low. Monthly stops are under 141.30. Euro…Eur/Aud…have all come … Continue reading
The point & Figure shows a double top in Oil. Downside tgt’s were basically hit in the Bund & Bonds,, NFLX…178 was the 50% of the big swing. Some big technical matches we’re hit. Now we have to see whether … Continue reading
Buy the TLT with a closing stop below today’s low. We’re Closing out Selling Long positions ANR and EWZ… For the past month investors have been selling AAPL and buying everything else. This looks to be going into profit taking … Continue reading
30 Yr…142.28 is the fib tgt we were looking for 3 weeks ago. We’re getting close… Spu/Bonds…are encroaching on a big monthly level.
USD/JPY…the Yen needs sustained and closing price action below 90.28 (above 110.79 futures) to signal the start of a bigger change in the Yen crosses. USD/CAD…101 ( 98.89 Futures) is the level to monitor for a potential weekly double bottom … Continue reading
Nasd 100…2705 becomes the key hold and closing level for the rest of the week. 2728 is today’s resistance. The major lower retrace Fibs & Avg’s come in at 2665-55. AAPL…the 460’s is the first fib from the 2008 low. … Continue reading
In the futures, I am still looking for the 30 to get to 147.05 ish for a shorting opportunity. Mind, that if we get there, this will be a very limited look. Failure to reject the level will result in … Continue reading
Oil…Feb. expires today. March is the Month you should be following. Natgas…Feb. expires next Tuesday. 3.71-3.76 is resistance in either month. Soybeans…closing and maintaining over 14.60 will lead to a test of just over 15. USD/JPY…we were looking for 90+ … Continue reading
Gold…1700 followed by 1715 are the next resistance levels. Gold has to stay above 1681. Silver…32.40 ish is the next resistance zone. 30 yr. Bonds…145.31 is first resistance. 146.23 is the closing # the bonds have to stay above to … Continue reading