EUR/GBP…has been a big mover over the past month. This cross is getting mildly oversold on the intermediate time frames. It’s also 50% back on a 6 year swing ( a big swing). Forex players involved in this cross should … Continue reading
We’re BUYING a small position in the TLT which is a Long 30 Yr. Bond Position. We are going to Risk a close below 117 in the TLT. Futures Traders… the 30 Yr. Futures should not trade much below today’s … Continue reading
Spu’s…1379-80 Nasd 100…mid to high 2680’s Oil…104.10-40 is near term resistance. Only closing over 105 shows convincing new strength. General Comments Expect some 2 way trade early with the spat of U.S. Economic data coming out. The later in the … Continue reading
Here we are, right back to last week’s low in the Equity Indices. Looking at the board, most every trade is the same trade. It’s a “Risk Off” Look. AUD/JPY…EUR/JPY…SPU/BONDS…DAX/BUNDS NASD 100…mid 2630’s will be support and a possible bear … Continue reading
Energy contracts expire today. Both May Oil & NatGas stop trading today. We’ll start to pay attention to these instruments for opportunity. Euro…there are resting stops over 132.14. A close over this level puts in an ORH weekly pattern. EUR/JPY…is … Continue reading
The Bonds are not following through to the upside above 142.10. Meaning, I have chosen unwisely to be short the Equity Indices given the price action in the SPU/BOND spread. We’re stopped out of the QID…Let’s exit the SDS as … Continue reading
Spu’s…are stuck between 1375-1390 on top. NASD 100… same deal…2700+- and 2730 on top. USD/JPY…81.88 ( app 122.25 Futures) should be your focus for further price action. We previously identified (123.25 Futures.) as a significant level. That was last night’s … Continue reading
USD/JPY…81.88 is the weekly ORH #. A close over this level Friday leaves room for a large move up in this Dollar. Yen Futures line up slightly different with a close under 122.25 needed for the ORL. Sustained price action … Continue reading
Spu’s…after putting in a lower low last night at the end of Asian session,markets reversed in Europe. Sustained action over 1375 will be positive. NASD…same story, a lower low right into major Fib support “2650’s” General Comments… We tried the … Continue reading