Use 105.55 AUD/USD cash Intra day (App 104.45 June) for a trailing stop on your Longs. Your order to sell ( take profits) should remain in place. You should have an OCO order working to sell @ either 105.40 (M) … Continue reading
We’re buying a small Long position in the Aussie @ the market. Risk is app 30-40 points. Cash needs to maintain over 105.45 ish. Game Plan… We’re looking for an initial 100 points. We will take 80% of our profit … Continue reading
We are in wait and see mode early. Today, Currency futures expire @ 9:15 CDT. 30 yr Bonds (H)…138.16 is the 200 day ( early resistance). We’re looking for these to have a rally this week, but Wednesday could be … Continue reading
At Whitewave, we follow a set of indicators that we’ve found to be reflective of future price action across a wide array of asset classes. Some of these indicators are based off of price action over the next few days. … Continue reading
The directional moves in the currencies are tired. USD/JPY moved 8 figures is 6 weeks. This is a typical big standard deviation move before some digestion needs to take place to telegraph another move. For me, this is the one … Continue reading
Spu/Bonds… has been the game since 12/19/11. It’s been a one way ticket. This spread still has more to go. With the Downside breakout, of the 30 Yr. Bond Futures of a 5 month trading range yesterday, we’re seeing the … Continue reading
Spu’s…The June (M) contract is trading at a 6 dollar discount to the front month March (H). Price action will revolve around 1377 (H). Maintaining above 1377 (H) will keep the equity indices on a firm footing. ” More Risk … Continue reading
Pounds…just completed a 50% re-trace on today’s low on a major swing. Aussie… is probing support Brazilian Real….182 USD/BRL ish is where all the weekly Dollar resistance comes in. Oil…back into support… This says 2 things…Do not sell weakness in … Continue reading
Aussie….104.92 is the first major 3rd from the Dec. 19th low. “It’s a big swing area” Mvg avg’s today are 104.51….104.07 ( 200 day) 50% of the major swing is 103.70. The moving averages movement will be negligible over the … Continue reading
The markets are living in a technical world. Gold…retested it’s Friday ORH break out last night and held for now. The point & Figure charts show, by not sustaining above this area, it is vulnerable to further sell offs. It … Continue reading