Tag Archives: Euro
A.M. Look 9/6/12
Copper…is poking it’s head up with an ORH day yesterday. Looking back at the cloud you couldn’t of had a better low to hold @ 340 ish. 355 is the first third coming back on a yearly swing with 360 … Continue reading
A.M. Look 9/4/12
AUD/USD and in particular the crosses AUD/JPY , EUR/AUD, AUD/CAD are extremely over stretched directionally on the daily charts. We expect to see some profit taking in these crosses this week to relieve the RSI’s, however there is still room … Continue reading
Euro…Closing Trade Alert!
How many times can you use a level before it gives way? Cover your short Euro position by BUYING the Futures/Cash Selling the EUO ETF @ the market.
A.M. Look 8/31/12
Euro…We’re right back to the top of the range in the Euro and a potential weekly double top. Sustaining above 126 will have me looking for the Euro to trade to the 127.50 level. We’ll make a decision as to … Continue reading
A.M. Look 8/30/12
MCP…the action is still in the individual names. Above 10.30, which is now support, you have an ORH week which looks to have a pretty high probability of completion at this point. Up 30+% in two days. The weekly buy … Continue reading
A.M. Look 8/29/11
General Comments…. There is nothing new to speak off this a.m. All eyes are focused on Friday. Model Trading Portfolio …………….. Stop Close Profit Points Long XCO 6.80 8.40/9.00 / 11 Long Gold Long GLD Long EUO/Short … Continue reading
A.M. Look 8/28/12
Silver…30.50 is the 200 day. 29.54-65 is Fib and mvg avg support. Gold…(Z) 1658-53.10 will be a tough area for initiating any kind of position either long or short. 1643.90 is the Dec 200 day. The front month and the … Continue reading
A.M. Look 8/27/12
30 Yr. Bonds…needs to sustain under 148 to start lower, and above 149.15 for higher. General Comments… There is just nothing to do here except to watch and wait. I’m surprised how little the Natgas and Oil have responded to … Continue reading
Euro/Metals…Trade Alert!
The metals are firm and we’ve paid for our trade. We’re going use this area to sell the Euro against our remaining long metals. In essence, we are legging the spread. If the Euro closes much over 126 we’ll take … Continue reading