FX… AUD/USD…93.50 is support. 94.85 is daily resistance and the upside pivot. Commodities… OIL…104.70 will act as your short term pivot. Above, buy them before you sell and see how much you get. This level is a pivot, so conversely, … Continue reading
Stocks.. Spu’s…I’ll need a close over 1725 to think there is much of any upside left. Nasd 100…3240 will act as the upside closing pivot Bonds 30.yr. Bonds..130.10 is support. 132.30 is resistance FX… AUD/USD…94.25 is support and the downside … Continue reading
Stocks.. PBR…16.56 is the 200 day mvg avg and resistance. Closing over this level is needed for more upside. Line this up with the EWZ for resistance and upside follow through. Bonds Bunds… 138.90 is the upside pivot. By maintaining … Continue reading
Commodities… Gold…1270’s can trap new shorts. Silver…below 21.40 20.85 is the next Fib zone. The long term point & figure chart shows the possibility of 20.40-60 today with a “Risk On” board late day. WTI…Crude (Oct)…104.40-60 should bounce the first … Continue reading
AUD/JPY is at weekly resistance @ 92.85-90. Once above this level the spread can gain momentum. We’re looking for a test of the 200 day @ 94.44 once convincingly above this level. Price action to look for in the AUD/USD. … Continue reading
FX….Traders Anyone that left a working order for our trade of the day yesterday was filled last night. Use a break even stop. Take 1/2 off when the AUD/USD trades 94.00 9/16/13 Trade idea of the day… Buy AUD/JPY @ … Continue reading
Stocks.. VIX…sustained price action over 14.55 will put pressure on the indices. FX… USD/JPY…98.75 will be pivotal going forward (101.25 Dec. Futures) GBP/USD…needs to maintain above 159.60 for more upside. AUD/USD…92.75-85 is support. 94.20 is resistance. Commodities… Gold, Silver & … Continue reading
Sell the AUD/USD @ 94.20. ( 93.72 Dec. Futures). We’ll be using a 25 point stop. We’re looking for an initial 60-70 point break off the level. That would likely see EUR/AUD testing the 142.15 area. This is where the … Continue reading
Stocks.. Spu’s…1704-05 will be pivotal early. Below, the Spu’s could try to trade back to 1690. Bonds 30 yr. (Sept)…133.15 is resistance and the closing upside pivot. FX… USD/JPY…98.27 is Dollar support/ Yen resistance ( 101.76 Sept. Futures) GBP/USD…157.20-50 is … Continue reading
Stocks.. EWP…Spain…33.07 is potential double top level on a monthly chart, however once maintaining and closing over this area, look for an initial test of 34.65 with much higher long term tgt’s. 31.75 is the buy level In Spain on … Continue reading