Spu’s…2150.50 will be today’s focal point on breaks. Nasd 100..4583.50 is the same level. Above these #’s the Indices remain bid. U.S. Banking names are all up with JPM earnings leading the rally. Gold…1328.10 is today’s ORL # BOE left … Continue reading
For any investors that still have shorts in the SPU we will be using a 1333 intra-day stop. If you’re still in the spread (SHORT S&P/LONG BONDS) this means you should sell out your Long 30 YR. side of the … Continue reading
Just a follow up to the yen piece last night, USD/JPY is in a 40 year bull market! The levels in the crosses given last night were retested and rejected. Markets can go directionally farther than you have money to … Continue reading
A close today under 611.20 and the party hats will be put away for a while. This will trigger fund profit taking across the board. Portfolio exposure should be reduced. Goog 611 is a closing # with ramifications across all asset … Continue reading
Yesterday was a day of outside reversal lower closes in so many asset classes I can’t keep up. Corn,Wheat…Silver ..Gold…Depending which chart ( all sessions or Pit) Spu to name a few. Then there are the miners and the list goes … Continue reading