This A.M. I have a distinctly you first attitude about any trades. The Gold and Silver have both hit major resistance levels last night with Silver rejecting a 30% retrace of the entire break @ 39. 36.23 will now become … Continue reading
Dr. Nenner put out a 122.40 downside tgt. on this cross mid month. I am mentioning this for several reasons, first the condition of the market, this cross is getting very oversold on the very long term time frames,second EUR/CHF … Continue reading
To all my Philistine followers (non-believers) today brings you this months episode of Full Moon Trading. We are Short Spu/Long 30 Yr. Bonds,Long Gold, Silver and JJG with shorts in the Euro and Aussie currencies. We are looking to add … Continue reading
EUR/CHF needs under 125.10 for more Euro weakness. Selling Euro,GBP, Aussie or Canada on weakness can prove hazardous to your equity. The Pounds,Canada,Aussie and EUR/CHF have all held for now. Today’s early A.M. lows matching Fridays lows are holding at … Continue reading
If we get anywhere near 1334 ish SPH (MARCH S&P) today take off at least 70% of these trades. Then raise your stops to break-even. The Euro hit big support this a.m. @ 138.60 ish. It will now be the … Continue reading
This is the spot to give it a shot on the short side with a 25 point stop intra day, however I would only try it with 25% of your usual position mainly due to the time of the day and it … Continue reading
The currency trade will be difficult at best. Dollar bulls have to wait for the rallies to sell currencies. Eur/Chf has a double top on the monthly at 132.08. As you can clearly see the Euro is now the feature … Continue reading
Eur/Jpy…Eur/Chf are positive on the day ( choose your resistance wisely in the Euro) FXI..has held a big level on the downside.. Both Gold and Silver have held support for now. We will be looking to add to our long … Continue reading
The early action looks to be muted, the entertainment will have to wait for the API #’s in Crude and Uncle Ben’s testimony later in the morning. As previously stated: the Euro is strong on the crosses! Look instead to sell 80 point … Continue reading