The game is afoot. A close over 76.80 USD/JPY (Under App 130.30 Futures) should lead to another figure higher in the straight dollar as well as another figure in EUR/JPY and possibly more in AUD/JPY.. This type of price action … Continue reading
Let’s buy some Gold at the market..Let’s nibble with a 20% piece. The optimal spot would be 1639-40 December. Those of you trading the Gld ETF…Buy some at the market with an order to buy more at 159.00. The stop … Continue reading
Yesterday had us go to a Risk On footing with a suggested Long portfolio. The low appears to have been put in Interest rates in Europe as well as the U.S. We are treating the Bunds and the U.S. 30 … Continue reading
Let the 30 Yr. Bonds be your guide. We have just come down to the macro pivot in the Bonds ( 143.10-14 level). Closing a few ticks under here would show more Equity strength and Bond weakness. A hold, and … Continue reading
The other shoe is dropping.They hit the ATM in the metals complex, now comes the High flying tech stocks. This is where every investor and hedge Fund manager has sought solace during these uncertain times. As you recall, Friday I … Continue reading
So far this has been a big opening range trade in the Bonds..with the commensurate rally off the monthly moving avg’s in the SPU. 144.25 is the # needed to close below to think the 30 Yr. Bond upside is … Continue reading
I’m putting these levels out just in case it gets really nuts today. In a world where every trade is the same trade being prepared is key. Aussie…macro stops are 95.40 cash. 93.80-94 is the next significant level down. Euro..133.85 is … Continue reading
Silver is taking out the long term monthly stops, 32.25 ish is the next Fib Support. Then you should look for 29. Spu..There are some monthly moving avg lines coming in just over 1100 where we rallied from yesterday. Once through it’s … Continue reading
Here is a side indicator to keep an eye on. This is a quarterly look at the Vix.. 48 ish is the Top 1/2 way back from the 2008 crash low is app 51.85
You have a double top on the point & figure charts at 1134..This level is now you’re trailing stop for shorts. The dummy swing, for the downside, in the Spu from here is the 1050 area. “All new weakness is … Continue reading