Gold…1630 is still capping the rally. Platinum…1471 is near term support. 1506-10 is near resistance. General Comments… We reduced our SDS exposure ( Risk Off) by 50% yesterday mainly because I am not a fan of coin flips. Any involvement … Continue reading
Welcome to the mid-week shuffle. 30 yr. Bonds…148.07 (M) 147.19(U) is near term support. Spu’s …the Sept needs to sustain above 1322 ish to rally. Bunds…could go as 140.70 and hold..this will be a key monthly closing level. A close … Continue reading
General Comments… I’ve spoken to many of my longer time frame clientele ( Private Wealth guys and Money Managers) over the past few days. Many of you are looking for the old holy grail of buy and hold low frequency … Continue reading
The June 30 yr.Bond point & Figure runs into resistance around 150.06…App 149.18 ish Sept. This level should dictate the next swing in the Spu/Bond Spread.. You’ll need consistent & sustained price action above this level for more follow through … Continue reading
We were stopped out of our remaining EUR/JPY on the opening last night. Date: June 7, 2012 7:22:56 AM CDT CAD/JPY & GBP/JPY…are both coming up to their respective 200 mvg avg’s. 124.07 GBP/JPY 77.96 CAD/JPY CAD/JPY is an … Continue reading
The Equities are trying to change direction, they’ve been trying for the past 2 weeks. This week is the first clear indication that it might actually be happening. This is conceptual work that is a lagging indicator. There will be … Continue reading
Spu’s… closing below the 1308-09 level In (M) will be price negative. EUR/JPY…closing below 99.51 will be price negative the cross. Expect a test of the low 98 level for a starter. Copper…32780 is a level that can trap the … Continue reading
Nasd (M)…2574 is Fib resistance…2571 is the weekly ORH level with stops above. Spu’s (M)..1322 Fib resistance ….1334.20 is the weekly ORH level with stops above. This is also a 50% re-trace of the entire move. 1345 would be the … Continue reading
Spu’s…1320 is the first 30% from last months high Nasd… 2560 is the same level. XLE.64.60-70 CAT…88.50 ECA…21.15-18…closing above tgt’s 21.90 MMM…84…then 84.50 IBM…by maintaining and closing over 192.90 the next tgt is 195.40 The rest of the day will … Continue reading
I don’t roll for another week in the 30.. I am writing JUNE!!!!!