Tag Archives: aussie
Silver…EFA…Weekly Pattern Alert
Silver… weekly stops reside below 31.62. A weekly close below this level puts in an ORL pattern which can be price negative. The jobs data Friday will be important for the metals. EFA…a close below 53.97 puts in an ORL … Continue reading
A.M. Look 4/4/12
Currencies… Euro…131.50 is the downside pivot, only sustained and closing action through this zone will lead to more downside. AUD/USD…102.64 is support. The downside pivot is 102.00 same as above. USD/JPY…needs sustained price action under 82.00 USD/JPY ( over 122 … Continue reading
A.M. Look 3/30/12
It’s Qtr end. We are not going to initiate anything new today. We have a small position, Long the QID (Short Nasd 100 Futures). For Now, we will leave the stop alone. The Long TLT/30 Yr. Bonds has been working … Continue reading
A.M. Look 3/26/12
Friday being Qtr’s end, the one thing we aren’t looking to do is fight the capital flows, which are still up in the Equity indices and down in the Bond Futures. It would seem logical to see this flow continue … Continue reading
A.M. Look 3/20/12
Today will bring the 30 Yr. bonds into the spotlight with futures expiration. We witnessed a big day trade in the Swiss,Euro and Aussie yesterday, which we have NO position in after our stops were elected last night. The board … Continue reading
Aussie…Stop
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
Aussie…Trade Alert!
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
Currencies
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
A.M. Look 3/12/12
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
A.M. Look 3/2/12
Stock Indices…are the tail end of the dog. The trade is terrible with the same grinding action. We have a weekly swan dive that is short lived. The opportunity is in the underlying instruments. Seemingly, everyday the dance partners change … Continue reading