Spu’s…The June (M) contract is trading at a 6 dollar discount to the front month March (H). Price action will revolve around 1377 (H). Maintaining above 1377 (H) will keep the equity indices on a firm footing. ” More Risk … Continue reading
The markets are living in a technical world. Gold…retested it’s Friday ORH break out last night and held for now. The point & Figure charts show, by not sustaining above this area, it is vulnerable to further sell offs. It … Continue reading
Just to avoid any confusion, I am only quoting March (H) S&P 500..NOT JUNE!!!!! CURRENCIES ARE ALWAYS CASH U.S. 30 YR BOND…(H) MARCH HERE AS WELL I won’t roll the Spu’s until next week Tuesday, Bonds…sometime the week of the … Continue reading
SPU’s…price action over 1366 will have us seeing more “Risk On”. We need to see price action back under 1360 to entertain keeping our short S&P’s and long SDS. We’ll monitor this for a little while this a.m. We’re not … Continue reading
Today, brings us this months episode of Full Moon Trading, in conjunction with the mid week shuffle. Simply put, with so many technical models ,across a wide array of asset classes, trying to break down or change direction, today’s highs … Continue reading
The world is in profit taking mode since Lunch time in Asia last night. Yen…AUD/JPY..EUR/JPY..CAD/JPY..GBP/JPY.. crosses was where the action was last night. Yen Futures put in a double bottom pattern on a weekly chart right out of the gate, … Continue reading
Stock Indices…are the tail end of the dog. The trade is terrible with the same grinding action. We have a weekly swan dive that is short lived. The opportunity is in the underlying instruments. Seemingly, everyday the dance partners change … Continue reading
This portfolio is about as Risk Off as I get. Time will tell whether the patterns are true, or if we were just subjected to another 1 day wonder. In general, it takes a couple of days to change direction, … Continue reading
LTRO was a big yawn… The commodity currencies are leading the crosses this A.M. USD/CAD…a close under 99.06 USD/CAD is needed for an ORL week. ( over 100.90 H Futures). 99.29 USD/CAD ( 100.69 H Futures) is where the 50 … Continue reading