Tag Archives: CME Group Futures
IUSD/BRL Brazilian Real Weekly….Euro
A close tomorrow below 179.69 USD/BRL puts in an outside reversal weekly pattern. This is a Risk On Pattern for Equities… The Euro is putting in an outside reversal day to the upside with a 4 P.M. NYC close over … Continue reading
Risk On is Alive…Euro
Euro..The Euro put in a huge low early today. It tested a reversal low with a dramatic rejection. Look for another 100-150 points up in the Euro.. It should now trade as a reflection of the Spu’s…That direction is up… … Continue reading
A.M. Look 10/6/11
Please re-read Monday’s and Wednesday’s A.M. look. The levels I write are static “they do not change” Keep them in Front of you! If you wear glasses, put a “post it” on your nose guard with the numbers on it. … Continue reading
Gold & Silver
This is usually when I give my monthly dissertation about Unemployment lows in the Metals. Typically the unemployment data has historically presented us with a good trad able low. These lows have provided us with great trade location and defined … Continue reading
A.M. Look 10/05/11
Here we are, right back to where this game started Monday. The macro numbers have not changed. A re-test of 2180 in the NASD is possible. AAPL was a huge hold, which was then followed by upside reversals and outside upside reversals … Continue reading
Anticipation
General tone… AAPL has been floating all boats for a long time. A close under 364 is not positive. 357.50 on down to the 200 day at 353.50 is a level to trap the shorts the first time in. Watch for market … Continue reading
A.M. Look 10/4/11
There is not much to say other than we’re going to the lower tgt’s in the stock indices and higher tgt’s in the Dollar and Bonds. Risk Off…. You’ll get your opportunities to sell rallies in the equity indices. Do … Continue reading
AUD/USD…Aussie Dollar Qtrly Chart
The low in the Aussie today is a 50% move back on the short swing..meaning the measurement from the 2010 low. This trade has been the mirror image of the Spu, and in fact topped in July. The first area … Continue reading
OIL…EURO…JJG
Everybody has got an opinion, which is Risk Off. In the meantime everyone keeps selling everything in the hole. Trade your technical levels! Crude put in a potential double bottom on the weekly which is helping to keep the Indices … Continue reading
Stock Indices…Risk Off
You got the one rally to check the Qtrly closes. Short term traders should be selling every rally until proven wrong. That would be price action over today’s highs in both the NASDAQ, S&P 500 as well as the Euro. … Continue reading