145.08-13 is the next resistance band with natural stops resting above. 146.08-15 is the next Point & Figure level to look for a possible double top and reversal. TLT…macro stops are above 121.63-76. Sell 50% of your remaining Longs around … Continue reading
The chart clearly shows that the SPU/BOND spread has relieved pressure. This is a primary reason that we advised taking some partial profits in the 30 YR. This should also be a warning to day traders to sell rallies ..not … Continue reading
144.22…This is the spot to pay (SELL SOME) for your trade and lock in some profits!
We’re still looking at a range bound technical picture in the U.S. Indices. Price action under 1300-02 SPU is needed for any downside to materialize. Given tomorrow is month end, we are likely to hang around these levels unless we … Continue reading
The game is Long Equities/Short bonds…SPU/BONDS AAPL needs under 443.75 to break. Even then, we would not look for anything more than a 432 print. IBM & MOO… looking good. Tech and AG… X..U.S. Steel looks good for a trade … Continue reading
AUD/USD…Short term Cash & Futures guys that are involved with this recommendation from yesterday, you’reĀ stopped out if you left the order at break-even. 106.08 ( H Futures) was yesterday’s IMM opening (App 106.70 cash). If you’re still involved, this is … Continue reading
1312 ish should be a tough level in the SPU’s 1st time in. A lot of individual stocks are giving all their gains back from yesterday. We chose the Aussie short today as the trade Du Jour early showing the … Continue reading
We are starting a long position. The Risk is to a new low today in the 30 Yr. Bond Futures. Trade size is commensurate with the risk you can handle. A close today over 17.05 in the TLT is positive … Continue reading
Deja vu…shades of last year…”your cash ain’t nothing but trash” A creeping equity market fueled by a devaluing dollar and a chase for high yields, with money looking to buy cheap dollar denominated assets. The result is the same as … Continue reading