The game plan for the equity indices is to sell remaining long positions this A.M., on strength the first time up into the mid to high 1340’s based off the Spu. Take your money and wait. AUD/USD…107.70-90 ( app 106.70-80 … Continue reading
Yesterday had us reducing our long equity holdings just after the opening. Today it is all about where the indices hold. A close today below 1328.25 (S&P 500 Futures) would have us sell the rest of our longs. This would … Continue reading
As of now, last nights low in the Futures and the Cash should be quite telling for the whole “Risk On” scenario. If the stocks hold early short term traders will have less risk buying the Aussie on a dip … Continue reading
The Aussie ,Canada,Suisse and EUR/CHF are all in play today. Please refer to the recap levels yesterday. 122.96 EUR/CHF should be a difficult level. The straight Suisse futures are attempting to put in an outside reversal week, however the USD/CHF … Continue reading
Today is month and Qtr’s end. Expect late day window dressing. Time Frame trading…a whole new game can start after 4 P.M. EST today into tomorrow. Read Yra!…Low rates = the yield chase continues These currency levels are from yesterday,they … Continue reading
Euro (144 Futures)…matches up with 144.50 cash today. Aussie (105.80 futures)…matches up with 107 AUD/USD Canada (103.25 Futures)…Matches up with 96.80-90 USD/CAD These are big closing pivots in the currencies! Closing through these levels is needed for further upside. The … Continue reading
Yesterday saw us cover almost all current positions. Whether it was our spreads or outright naked positions, we will await further price action to determine our next move. We have a lot of U.S. data coming out over the next couple of … Continue reading
Currency Futures expire this a.m. at 9:15 central, Canada tomorrow. The June contract goes off the board and Sept Futures will lead for the next 3 months. The Aussie should provide the best trading opportunities over the next few days … Continue reading
The following instruments are working on putting in outside reversal higher weekly closes. ( price positive formations) Closing #’s are as follows: BTU…61.18 OXY…103.85 FXI… 44.19 EEM …47.84 EWZ….73.61 BHP…95.66 Russell…839 The picture being painted is a very big RISK … Continue reading