GS…by remaining over 139.20 this can seek 149 AAPL..511-515 is resistance with sustained action over 519 needed for higher. 498 is current support. AGQ…double long Silver has closed two days now over the 200 day. As long as this closes … Continue reading
USD/JPY…is winding up for another move. If the chart pattern in AUD/JPY is true, ( ORL day) yesterday with follow through last night, this could be the start of a rebound in Yen Futures. The dollar point & figure is … Continue reading
From a purely technical look, those wishing to be short the Bonds via Long the TBT double short ETF, can buy this for a short term trade against 63.65. This has to maintain above this level, moreover you would not wish … Continue reading
Yen Futures…113.45 (app 88.14 USD/JPY) is the first minor resistance. EUR/JPY…stops are below 117.59. 116.85 should be a level for a bounce the first time down. AUD/JPY…put in a new high by 2 ticks last night and is now in … Continue reading
Oil…closing below 92.65 puts the entire board in a defensive mode. Equity Indices…you’re seeing no help from the financials after reaching their upside tgt’s. The rest of the day will be a time frame trade. We’ve seen this type of … Continue reading
30 yr. Bonds…. 145.31-146.09 being the rejection zone the first time up. TBT…65.08 is the 200 day. 64.68 is where the trailing stops are with 64.57 the first fib zone. This looks attractive around 64.60-70 for a bounce. NASD 100…2682 … Continue reading
We were stopped out on a low tick. We have no current position in the Bonds. Not to worry, there will be plenty of things to occupy us next week.
Closing below 2711 Nasd 100 puts in an ORL day. The Spu level is 1444. This pattern if completed would be negative the Equities. The higher yields..lower Bond futures is creating the flight to the Dollar and the selling of the precious … Continue reading