Euro…134.25 is the first major fib. Aussie…98.00 is the first monthly level of any significance. USD/CHF…The mid to high 93’s will be the first big area..108 ish in the Futures looks tough the first time in. In short we’ve just … Continue reading
We’re down to one small position. We’ve taken our money and it’s time to be patient. If you want a little food for thought about today’s Fed meeting …read Yra..http://yrah53.wordpress.com/2011/09/20/awaiting/ Today will be a big day on a lot different levels. I … Continue reading
Shown here is the Swiss Futures. USD/CHF looks the same. The Suisse is attempting an outside reversal day lower with a close under the 200 Day Mvg Avg. ” app 113.60 (Z)”. “88.20 USD/CHF”, which is right where it opened … Continue reading
IBM just put in a double top on the daily charts @ 173.88. We need to see all new action over this level for upside follow through. A close today under 173 will have us exit this Long position. Sell IBM on … Continue reading
Re-Post From 9/6/11 Obviously last night the Swiss screwed the most amount of traders it could. Let’s take a step back and see what this cross really has to do to change course.122 is unchanged on the qtr.( last night’s … Continue reading
Long term investors should stay Long their remaining TBT with a stop below today’s low of 21.66. Why..The front month point & figure chart has a beautiful head & Shoulders pattern.. We will wait for this pattern to be violated before … Continue reading
The equity market pattern has been Monday lows followed by rallies. We’ll see. IMM currency futures expire today at 9:15 CT.. Day traders should put the Aussie on your radar today for scalping opportunities. Keep all trailing stops active. Model Trading … Continue reading
Presently we are within 10 ticks of where we originally paid for our Short Bond position. This means we sold part of our TBT longs right around this 23.25 level. End of day order…Day-Traders can lead off any way they like. Pay … Continue reading
Let’s take another 25% of our Longs off. Raise all stops to just below unchanged on the day. “meaning yesterday’s close” What’s sticking in my craw today is the Euro attempt at the Trend line breakout of 139.50..We just missed … Continue reading
Our whole portfolio is skewed Long Equities. This is one big reason we took a small short in the Euro. The dollar has been seeing inflows as the world equity markets have sold off. The better level to sell the … Continue reading