Euro…130.60-30 is first near term support. “131.66” is the key level to focus on. Closing below this level Friday puts in an ORL week. USD/CHF…has the same pattern with 91.84 being the cash level to close over. GBP/JPY…below 140.56 this … Continue reading
We urge every investor to review the names they are interested in before the game starts in the A.M. Spu’s…1428-34 is the near term support area. Closes over 1446 put this on a positive footing with closes over 1462 confirming … Continue reading
Spu’s…1360-71 is the level down to watch for bounces below the 200 day (app 1386.50 Pit) Nasd…2559.50-2539 is the level to look for bounces. These levels as well as the Spu #’s are better exit zones the first time down … Continue reading
Title…It happened one night or Boner gets Boned!!! It’s the Rocky & Bullwinkle show. That was the type of price action in the E-Mini’s have not seen since the Flash crash, although this one was only a mini…50 handles, they … Continue reading
Oil…91.45– 92 is the next significant resistance area. 30 yr. Bonds…we are going to sell the Bonds “which = buying TBT” with a tight stop…at the 147.14-20 level. We want to start small with a 25% position. Euro…held macro pivots … Continue reading
Euro…as long as the Euro stays over 131.30 close it will stay firm with a tgt around 135. Yen…as long as the Yen futures do not close above 119.80 it has a destiny with lower prices. Oil…we’ll look to add … Continue reading
30 yr.Bonds…expire today. 146.05 was the Oct. low and close to our last short exit. closing under that level will keep the Bonds under pressure until year end. We’ll monitor the price action for a possible short in the 30 … Continue reading
This 500 level is big. This is where we find out which swing this is following. Is this a retrace from the 2011 low with a potential double bottom in here, or is this going to follow a 4 year … Continue reading
Currencies…we’re not touching anything until Monday, mid morning. Euro/Gold & Suisse/Gold…are hanging around the 200 day again. This will make trading the Gold difficult, so we’ll just leave our stop alone. The worst thing that happens is we make some … Continue reading
Gold…needs to hold right in here where we originally purchased it. Platinum…needs to maintain above 1600. We looked at platinum because it’s a risk indicator. Nasd…needs a close over 2700 for higher. It’s presently wallowing around the big mvg avg’s … Continue reading