Welcome to this months episode of Full Moon Trading… Today into tomorrow will be important. Friday, the only ones able to trade the unemployment data will be Futures Traders. Both European & U.S Equity markets will be closed at the … Continue reading
Currencies… Euro…131.50 is the downside pivot, only sustained and closing action through this zone will lead to more downside. AUD/USD…102.64 is support. The downside pivot is 102.00 same as above. USD/JPY…needs sustained price action under 82.00 USD/JPY ( over 122 … Continue reading
138.27-139.00 will be key over the next couple of days. This area represents the intersection of the 200 day and 18 day mvg averages. Sustained and closing action , above this level is needed for more upside. Keep this on … Continue reading
Nasd 100 Futures…a close above 2775 will have us close out our Long QID trade. This can still trade the 2839 Fib level. Spu’s…needs price action & closes back under 1400 to be negative. 30 Yr. Bonds…need some sustained action … Continue reading
Here is what we said this A.M…… The Long TLT/ 30 Yr.Bond Futures has been working nicely. Some of you mentioned you took partial profits yesterday near the 114.40 level in the TLT. Any prints in the 30 Yr into … Continue reading
It’s Qtr end. We are not going to initiate anything new today. We have a small position, Long the QID (Short Nasd 100 Futures). For Now, we will leave the stop alone. The Long TLT/30 Yr. Bonds has been working … Continue reading
AUD/USD…102 +- 10 ticks is the qtrly ball game! 102.64 is over extended the first time down, likely matching up with 1380 SPU. OIL…102.30-50 should provide a level for a bounce. 30 yr Bonds.….same level … 139.16-20 “This simply means” … Continue reading
My short term Gnome “DL” has his daily matrix levels starting at 139.09 is the 30 Yr. (M) Futures.. We get anywhere close to our exit level…DON’T BE A _ _ _ _ FOR A TICK! or two. Exit 2/3rds … Continue reading
AUD/JPY…has been a good short term barometer of stock strength. 8500 is the 50 day. watch for general market tone. USD/JPY… along with the YEN crosses are doing re traces from the beginning of Feb. , 122 ( M Futures … Continue reading
We’re not going to honor the ORL daily pattern in the Nasd 100 today. Given Friday is the Qtr’s end, and we think you could see some residual positive capital flows into early Monday, we’ll wait until tomorrow to determine … Continue reading