Early yesterday when the Spu’s showed weakness the AUD/JPY did not. AUD/JPY…( Long Aussie/Short Yen) remains a leading risk on indicator. 84.00-84.12 is the next short term resistance level. DAX….shows no significant resistance until 70000 Copper…there are resting stops above … Continue reading
We’ve been using a 116.50 stop close in the TLT. Our original buys were around 115.50 In the TLT ( 140.27 in the Futures) While the SPU/BOND spread continues on it’s merry way, we sold a good chunk of the … Continue reading
Point & Figure Patterns this A.M. shows a double top in the SPU’s @ 1342.50 and the Brent OIL @ 116.70. Long Brent/Short WTI is the feature in the Oil Mkt. Spu’s…is all about where and how they hold breaks today into … Continue reading
The strength in the dollar and the weakness in the precious metals has been the feature since the opening bell last night. SPU…we are looking to see a probe into the 1327.50-29.50 area & NASD..2500-02 during the Chicago pit session … Continue reading
The currency trade is all about the yen crosses.. AUD/JPY & CAD/JPY…look to buy as part of a Risk on bias on any 8-10 handle pull back in the Spu’s…. EURO/GOLD is starting to move…short Euro/Long Gold.. Longer term Holders … Continue reading
……………..Stop Close Profit Points Long TLT 116.50 121.70 Long XLE 70.40 80 Long NEM 59.80 … Continue reading
This market remains a stock pickers paradise. The dating process has found the partners remain somewhat fickle. Good on the first date, not so good the next… The stock rotation makes it tough, with most instruments being an Island unto … Continue reading
General Execution Note… Most of you are at your screens for the first few minutes of trading everyday, regardless of your day job. When an instrument is up 5% just after the opening, and 10% in a couple of trading … Continue reading