Tag Archives: CME Group Futures

S&P 500 Futures

Posted on 08/01/2011

As you can see from this pattern..it is not a pretty picture! Attempting an outside reversal lower day… A close today is needed above 1279 minimally for the stocks to remain on a firm footing. It would be better if … Continue reading →

USD/JPY….Yen Futures

Posted on 08/01/2011

We spoke of the 131 Futures level on Friday…We’ve put in a double bottom pattern on the monthly and qtrly charts in USD/JPY @ 76.30 ish This is the level to sell the Yen against with a very tight stop. … Continue reading →

Day Traders…SPU

Posted on 08/01/2011

That was quick…That low has the potential to hold at 1275… Opening range traders just got a 30 point move…take the money and run! Why…EUR/CHF came to close to 110.50 tgt matching 142.50 EURO USD/JPY has to close the day … Continue reading →

A.M. Look 8/1/11

Posted on 08/01/2011

We’ve seen the euphoria that goes with positive statements out of D.C. Now will an ugly reality set in during our day session as the votes are tallied and the details of a deal become clear? In currency land the … Continue reading →

GBP…Pattern Alert

Posted on 07/29/2011

The British Pound is putting in an outside reversal day to the upside, while for now, it is just shy of the outside reversal Monthly pattern. GBP/JPY is trying to make up it’s mind off a weekly pattern. It’s the … Continue reading →

USD/JPY…Fear Trade

Posted on 07/29/2011

The yen futures have elected the IMM stops over the March high. The cash spiked to 76.25 USD/JPY before the futures reopened, that’s app 131 ish. So yes, the futures can still rally another 140 points to match up with … Continue reading →

SPU…Pattern Alert

Posted on 07/28/2011

The S&P 500 Futures just put in a double bottom from last night on the point & figure charts.. There is still a lot of time left in the day session for futures.. I am not going home long on … Continue reading →

General Comments

Posted on 07/28/2011

Silver just hit DL’s first support @ 39.50..the point & figure shows possibly over extended 39.25 first time down. Spu just hit some resistance @ 1308 The 30 Yr. Bond High was a tick shy of Dr. Nenner’s model # … Continue reading →

7/28/11

Posted on 07/28/2011

The big scalp continues. Higher highs or lower lows should be treated with suspicion today. The probability is that traders get trapped both ways today as the drama unfolds. Given yesterday’s low in the Russell I think the odds are … Continue reading →

Russell 2000

Posted on 07/27/2011

This is a trend line going back to last August. It matches up with the 200 day mvg.avg. in the Russell around 795. Be careful where you press shorts…The other indices based off this line show more downside room.