If you don’t have resting orders you can’t get filled. On that note place 2 orders: Sell 30% of your position @ 41.50 Sell another 30% @ 42.15 Let’s see if they can run all the stops later today. These … Continue reading
This is the bottom of the range in the 30 yr. futures with macro stops around or just below 119.00. Those investors that wish to lighten up can do so. I would suggest no more than 25-30% of current holdings.
Bonds..They act like whale duty floating at the bottom of the Ocean. Until they close higher on the year stay the course. We’ve had enough positive scalps here that we’ll close our eyes and let the market take us out. … Continue reading
The Aussie,Aud/Cad,Euro have all reached their first set of downside tgt’s yesterday or last night. Currency traders should be patient and wait for good re-tracement levels to try the short side again. The market needs a little time to see if the … Continue reading
The most interesting feature on the board this a.m. is the AUD/CAD. 97.30 ish is the level we are monitoring off a qtrly look, a good violation of this area would lead to a test of 96. EUR/CHF …124 should … Continue reading
I do not see much to do this a.m. Let the day unfold. The Silver needs price action over last night’s high to show new strength while Gold keeps rejecting 1378. The March Soybeans are back to the 1350-60 level. … Continue reading
Usd/Jpy …..Short Yen (Long Usd/Jpy) Long Ycs. We’ve had this position on for quite a while. We are going to use an 80.80 stp cls in Usd/Jpy which is app 123.70 March futures… (app 15.40 YCS.) This is strictly a … Continue reading
Don’t fight the flow! Use the yearly closes as your directional pivots for the shorter time frame traders.. keep it simple and mindless! If a market is higher on the year look to buy the breaks back to unchanged and … Continue reading