The anticipation of the press conference is out of the way in Germany. Short term traders should take a decidedly you first approach to today. Present Holdings… short the 30 yr. Bonds ( long TBT) looking to sell any major rally, or … Continue reading
Some of you sold the (F) oil yesterday. Keep your stop where DR. Nenner suggests. Oil inventories are out today and Dec. Oil expires Friday. This generally increases volatility. This trade is a great example of Charles system at it’s finest. You have … Continue reading
I am taking the rest of the short Euro and Aussie off right here. Those of you that are very bearish can use a trailing stop above today’s highs. The best course of action is to book the money.. You still have … Continue reading
83 oil will be pivotal for dollar follow through. A good break of this level will add to further weakness in the Euro and Aussie. This has been a good trade..take some more Euro and 1/2 the Aussie off the table. … Continue reading
Bonds…The bonds have telegraphed and led the moves in the currencies.. Higher Yields = Higher Dollar… yesterday we alerted you to the significance of the Bond futures low and to take some money off the table..Money is good! When a move is this swift … Continue reading
I like the high today in the Aussie….This is a good spot to sell the Aussie with a stop over today’s high. The risk is 30 points.. ( 99.30) Do not risk any more! This is also a good hedge … Continue reading