Tag Archives: Aud/Usd
A.M. Look 9/5/12
USD/CAD…98.41 represents a double bottom on the Dollar chart. The corresponding futures level is 101.56, with 101.68 being the April high. This is the area that has to sustain above to rally. OIL…came down into initial support last night. Recovery … Continue reading
A.M. Look 9/4/12
AUD/USD and in particular the crosses AUD/JPY , EUR/AUD, AUD/CAD are extremely over stretched directionally on the daily charts. We expect to see some profit taking in these crosses this week to relieve the RSI’s, however there is still room … Continue reading
A.M. Look 8/31/12
Euro…We’re right back to the top of the range in the Euro and a potential weekly double top. Sustaining above 126 will have me looking for the Euro to trade to the 127.50 level. We’ll make a decision as to … Continue reading
A.M. Look 8/30/12
MCP…the action is still in the individual names. Above 10.30, which is now support, you have an ORH week which looks to have a pretty high probability of completion at this point. Up 30+% in two days. The weekly buy … Continue reading
A.M. Look 8/29/11
General Comments…. There is nothing new to speak off this a.m. All eyes are focused on Friday. Model Trading Portfolio …………….. Stop Close Profit Points Long XCO 6.80 8.40/9.00 / 11 Long Gold Long GLD Long EUO/Short … Continue reading
A.M. Look 8/28/12
Silver…30.50 is the 200 day. 29.54-65 is Fib and mvg avg support. Gold…(Z) 1658-53.10 will be a tough area for initiating any kind of position either long or short. 1643.90 is the Dec 200 day. The front month and the … Continue reading
A.M. Look 8/27/12
30 Yr. Bonds…needs to sustain under 148 to start lower, and above 149.15 for higher. General Comments… There is just nothing to do here except to watch and wait. I’m surprised how little the Natgas and Oil have responded to … Continue reading
A.M. Look 8/24/12
Ground control to Major Tom? THANK YOU COMCAST General Comments… This will be a robot driven market the rest of the day. The metals will take over the weekend to play out. ( Do we go parabolic or roll back … Continue reading
A.M. Look 8/23/12
Silver…it’s sitting on it’s second tgt and the 200 day. AGQ…49.40 is the 200 day and first yearly Fib resistance 30 yr. Bonds…148.16-149.07 is the level we’ve been eying for a week to sell the 30. This level matches Fib … Continue reading