Spu’s will need to trade and stay below 2617 for lower on the medium-term P&F. 2657-62 is the lowest risk sell level. In early 2001 the Spu’s put in a Tuesday high which is atypical and broke 400 Points. It … Continue reading
Housekeeping…some of you received webinar invitations from Zoom. This was an errant invite set up during the provisioning process. I am preparing to start live webinars. The webinars will be stored in the cloud and accessible at your convenience. I’ll … Continue reading
February Crude expires today along with currency futures. You might get some price movement going into the last hour of London when there could be some more position squaring in the Yen before tonight’s BOJ meeting. Less is more.
Spu’s…2123-2145 was the range identified for Friday’s trade. There is nothing new to add. The parameters do not change until there are closing breakouts either up or down. Currency futures expire this A.M. The biggest interest rate differentials are in … Continue reading
Currencies…we’re not touching anything until Monday, mid morning. Euro/Gold & Suisse/Gold…are hanging around the 200 day again. This will make trading the Gold difficult, so we’ll just leave our stop alone. The worst thing that happens is we make some … Continue reading
Spu…1402 is the macro closing upside pivot. Nasd 100…2715 ish is the macro closing pivot. 30 yr. Bonds…148.12 is the closing downside pivot. SPU/BONDS…94.40-50 is near term resistance AUD/USD…105.72 is the macro closing upside pivot. AUD/JPY….83.25 is resistance…82.50 ish is … Continue reading
Currencies… I don’t see any reason for shorter time frame traders, particularly those with the ability to trade either cash of Futures in the Currencies, to have exposure over the weekend. Sunday will start a new game. If the market … 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
The lows in the currencies and the Equity indices (highs in the Bonds) are good for now.. Let’s use a 1268 (SEP S&P Futures) intraday trailing stop on the remainder of any outstanding positions. ETF traders…if you want to pick … Continue reading