The levels we’ve been using this week have not changed. Currencies…it’s the Yen crosses which have been the feature. EUR/JPY, AUD/JPY looking a little tired on the daily charts. Bunds…show a double bottom on the daily @ 137.18. OIL…98.15 is … Continue reading
Utilization…Playing the lotto with Tgt’s…the more the merrier. Early yesterday we were focused on the Equity/Bond spreads both here and in Europe. In the first half hour of NYSE trading we saw tgt levels get hit in the SPU,30 Yr … Continue reading
You should now have enough Long SDS to totally cover any long exposure. The stop in the S&P 500 Futures is a new high. All other instruments ….stops should be raised… MOO…50.90 XLE… 71.30 X …27.90 Note the above stops … Continue reading
The smooth blue line above is the 200 day Mvg Avg
Now that we’re trading at the SPU tgt level I was looking for in Nov. “1319” area, We’re going to buy a little portfolio insurance against our remaining long exposure. Buy the SDS/ Short the S&P 500 @ the market! … Continue reading
The moves over the past couple of trading days have been run off SPU/BONDS and DAX/BUND. The sell off in the Bond markets have been keeping the equities buoyant. Watch the price action in the Bond markets for clues to … Continue reading
ORH…Outside Reversal Higher…price positive pattern SLB…71.45 BTU…37.55 HAL…36.71..(shows a double top and a double bottom on the weekly…whichever way it breaks out) Euro…128.81 EUR/JPY…98.85 TBT…19.28 ORL…Outside Reversal Lower…price negative pattern 30 yr…. 142.01 Bund…138.43 TLT….117.68 ( this has a weekly … Continue reading
Euro…128.81 will be the level to monitor for direction over the next 2 days. A close tomorrow is needed over 128.81 for an “ORH” week. It’s worth keeping an eye on this level to determine whether the Euro remains weak on the … Continue reading
For those of you who were not stopped out yesterday, we are exiting this position @ the market. We will revisit this at a later time.
Molycorp held 28.22. The Numbers have not changed here. Yesterday the high and low of the Spu’s lined up with the MCP technical levels. Keep your eye on this! I like today’s low…The upside break out is a close over … Continue reading