Tag Archives: EUR/JPY
Midday Missive
EUR/JPY…the resting buy stops are over 138.04. You’ll need to see closes over 138.25 for more upside. Bunds…150.88 is support. You’ll need to see sustained price action under for another 40 points. IYT…152.39 is the all time high. price action … Continue reading
A.M. Look 6/27/14
Stocks… Spu’s…need over 1954 to rally anywhere. 1931 is the weekly ORL# on a daily chart, not a continuation. Nevertheless, that is what is needed for weakness. LNG…the end of month marking started yesterday. GPRO… this was a classic opening … Continue reading
A.M. Look 6/11/14
Stocks… Spu’s…need new strength over 1954-56 for more upside. 1st support is 1931-34. FB…Needs new closing strength over 66.60 for another move higher. TWTR…34.55 is near support. On the daily chart this looks poised to test the 50 DMA @ … Continue reading
A.M. Look 6/10/14
Stocks… Spu’s…1931 is daily mvg avg support. Bonds Bunds…a close under 144.90 is 50 DMA support. This is a low risk buy zone with a very tight stop. FX… EUR/JPY…is poked below 138.70 (200 DMA). EURO….Yesterday I placed an order … Continue reading
A.M. Look 6/9/14
Stocks… IBM…185 is the 200 DMA support. Bonds Bunds…146.30-40 is resistance. FX… EUR/JPY…price action over 140.25-30 in this cross will keep a firm undertone to the Euro. GBP/USD…167.90 is neutral for the Pound. Good above/Negative below. Commodities… Corn…needs to close … Continue reading
A.M. Look 6/6/14
Stocks… Nasd 100…has broken out again on the monthly & qtrly charts. As long as the Nasd 100 holds 3740 it remains a buy. There is a last remaining resistance zone @ 3790-3817. Once above expect a test of 3885. … Continue reading
Equity Indices & Further Comments
All working orders should be canceled. EUR/JPY…stopping @ it’s 200 DMA “138.57” is staying further Euro weakness for now. Gold…elected the short term buy stops that have been building over 1250. Until I see price action and a close over … Continue reading
Euro & EUR/JPY
Euro…is putting in a relief rally from a very oversold condition in front of Thursday’s ECB meeting. It’s presently trading @ 200 DMA resistance, which will also act as a near term upside pivot. EUR/JPY…has had a nice 2 figure … Continue reading
A.M. Look 5/30/14
Stocks… Nikkei…14,780 is 200 DMA resistance. Bonds 30 yr. Bonds…I’m looking for a 139.28 print after which it will be no longer profitable from a risk/reward point of view to “buy before you sell” 140.15 is the target for this … Continue reading
A.M. Look 5/29/14
Stocks… PCLN…1276.75 is the monthly ORL #. A Friday close and sustained price action over this level on Monday would generate new upside targets. TWTR…is trying to bottom. Those that wish to buy this should use a 32 stop on … Continue reading