SELL 4 AUD/USD @ 82.06! Futures Traders….DA6H is the instrument which is trading at a 50 point discount to Cash. 81.56 We’ll be using the cash levels for risk management on this trade. —
Stocks… Spu’s…need a close under 2020 to see profit taking hit the Equity Indices in the U.S. Nikkei…needs to hold above 16,700 to not go into profit taking mode. Profit taking mode would give a bid to the Yen. DAX…91.83 … Continue reading
Stocks.. Spu’s…1692 is first resistance. Bonds 30 yr….131.28-05 is the bigger support leveland the downside pivot. FX… AUD/JPY…92.60 is resistance EUR/JPY…132.10 has to hold on a closing basis to remain firm. GBP/JPY & CAD/JPY are both sitting on support. EUR/AUD…is … 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
Emerging market currencies… The Mexican Peso, Brazilian Real and the Indian Rupee are all extremely oversold. This leads us to their respective Stock etf’s which look to be good candidates for an oversold bounce as well. Pay attention to the … Continue reading
OIH…48.25-30 is the big macro closing resistance area. GOOG…897 is the closing pivot. As long as this remains above you can see a rally towards 950 going into month end IBM…looks cheap compared to a lot of the board. This … Continue reading
AUD/USD…102.43 is today’s ORL #.There are resting sell stops @ 102.10-15. Aussie has been going sideways for a year and looks poised to test the 2012 lows with a close below 102. EUR/AUD…looks to be the best way to play … Continue reading
30 yr. Bonds…a close above 148.10 is needed for any attempt higher. 147.12 is Point & Figure support. Spu’s…1563 +- a couple is the qtrly pivot and short-term resistance. Nasd 100…2793 is the near resistance. 2800-10 remains our macro qtrly … Continue reading
Use a break even stop on your Bonds. Oil Traders…This isn’t following through and is stuck in a one dollar range. Use a 92.80 stop on any Longs. AUD/JPY…The point & figure shows a small double top at today’s high. … Continue reading
It’s earlier here… AUD/NZD…is into support with 124.88 being the low end of the support area. EUR/AUD…is right into support @ 123.70-90. The above are exit zones..not levels to press direction