AAPL…anywhere between 525-536 is potentially a bear trap today. Selling weakness into this area is not good risk management. Sustaining below 525 the acceleration can continue. NATGAS…3.47 has been support and the upside pivot for the past month. 3.72 is … Continue reading
Spu’s…need all new strength over 1414 or all new weakness under 1400. EUR/JPY ….106.91 is the key closing hold level. Euro…130.45 is the key closing hold level. Oil..89.00 will be early resistance. Sustaining above 89.50 will be the first sign … Continue reading
Spu’s…price action back above 1414 will trap the new shorts from yesterday. Nasd 100 is holding around it’s 200 day. This needs some price separation from this zone for new direction. Gold…has filled out it’s downside on the long term … Continue reading
Spu/Bonds are hanging around the 200 day. 150.15 is a level in the Dec (Z) 30 yr. that does not go away. App 149.02 (H) today. Be mindful of early NYC trading going into late London (8:30-10:30 CDT) for directional … Continue reading
Equity Indices…No change from last week. We expect to see some early positive flows (buying). This means the day will be a time frame trade and we’ll remain vigilant for changes in capital flows. Copper…365-8 is the resistance area, only … Continue reading
USD/INR…Indian (Rupee) is putting in an ORL week, meaning the Rupee is bottoming and now starting to gain strength. I’m mentioning this because India is traditionally one of the largest buyers of precious metals for personal consumption. A strong Rupee … Continue reading
Spu’s,Nasd,Russell,& Midcap…all put in ORH days. Resistance… Spu’s…1427-32 Nasd…2700-15 Russell…815-19 Gold, Silver, Platinum & Copper…Yesterdays lows were all good. They held their general support zones Oil…is still trading in a five dollar range and held the bottom of the range … Continue reading
Full Moon Trading with the mid-week shuffle XLF… (Financials) put in an ORL day. Follow through to the downside is needed below 15.60 to trust the pattern. KBE… (Banks) same as above. This needs sustained price action under 23 for … Continue reading
Spu’s…1410.50-1415 is the area Bulls need to see acceleration over for more upside. AAPL…574.50-580 is resistance. Closes over 582 are needed for more upside. Copper…351+- a point will be a key hold level. 30 yr. Bonds…151.06-15 is still pivotal. General … Continue reading
USD/JPY…our tgt for this swing is 120 (Z) +-25 points in the Futures. app 83.30 CAD/JPY….83.20-50 should match up with the straight USD/JPY around 83 AUD/JPY…remains firm by remaining over 84.50 GBP/JPY…133 is next. A good close over this level … Continue reading