The home builders and the Spu’s seem to be following the same swing or pattern, just failing to give even a 30 % correction, from this last little wiggle. The world has put back on it’s blinders and trading masks. … Continue reading
AUD/JPY…99.37 is the 50 day mvg avg. This level will act as a pivot. This cross either holds right in here or it can break another 2 figures to 97.70 ish. EUR/AUD…as long as this maintains above 126.75-127 we’re looking … Continue reading
Euro strength led the early rally in the EUR/AUD cross, now AUD/USD weakness is leading. AUD/USD…102.45 is the daily level just in front of our Multi-Year closing Pivot zone of 102.15-25. This is an area to not press direction. You … Continue reading
Gold…needs to go 1365 sellers to go to the mid 1340’s. Resistance and the short term upside pivot remains at yesterday’s resistance of 1400. EURO…131.35 is the monthly ORH # , which makes it a pivotal level for the next … Continue reading
Gold…has hit our downside extreme just shy of 1380. Silver…22.65-75 is a 12 year retrace level that can bounce, however the better level to buy Silver is around 21.50. USD/JPY…97.50 is first dollar support ( app 102.45 ish in the … Continue reading
AUD/USD…101.15 is the next level technical level with stops below. The macro pivot of 102.15-25 does not change. This is the level to sell rallies against to manage risk. EUR/AUD…128.92 is last weeks high and now becomes minor short term … Continue reading
AUD/USD…102.43 is today’s ORL #.There are resting sell stops @ 102.10-15. Aussie has been going sideways for a year and looks poised to test the 2012 lows with a close below 102. EUR/AUD…looks to be the best way to play … Continue reading
Spu’s…592.50-593.30 is support. Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to … Continue reading
It’s earlier here… AUD/NZD…is into support with 124.88 being the low end of the support area. EUR/AUD…is right into support @ 123.70-90. The above are exit zones..not levels to press direction
Nikkei…from the 2007 high to the 2009 low, this is up 50%. We caution investors to not buy strength until you see a couple of closes over 12700. Confirmation of another leg up is needed with sustained action over this … Continue reading