We’ve seen a contra-trend trade into resistance in the Spu’s,Aussie,Euro, and Yen Crosses as well as the the commensurate re-test lower in the Bunds & 30 Yr. Bonds over the past 2 sessions. Now What? Spu’s..let them be your guide … Continue reading
Last night saw some corrections in the Yen crosses, with EUR/JPY retesting the 200 day @ 105.93 and rallying. AUD/JPY…had the better bounce, however both have come up app 20-30 ticks short of anywhere is particular. The feature has been … Continue reading
SPU…the 1st big tgt area is around 1330 NASD…2668, with the big Fibs around 2650 We can still get to these levels, however we put out a warning for the SPU/BONDS late in the day yesterday that we were at … Continue reading
The Yen crosses told the story yesterday by holding big Fib support. The AUD/JPY,EUR/JPY & CAD/JPY all pretty much tested support at the same time and reversed. So did the OIL and Spu’s. General Caveat!….We’re honing in on a zone … Continue reading
30 Yr. Bonds…140.15 is the print we’ve been looking for when we first bought the bonds in the 136 handle. Now that the entire expected swing has been completed, we will await further price action before deciding our next move. … Continue reading
Trade what you see today. We’ve been back and forth through these number sets in both the Spu’s and the Bonds and there is nothing new to add. Expect less liquidity in the Spu’s & Nasd. There are no underlying … Continue reading
We are buying another 30% of our short Euro position in by 10:30 CDT. This is London’s close. We are looking for the end of this capital flow ( London’s Close) to lock in some more profits. We have been … Continue reading
Welcome to this months episode of Full Moon Trading… Today into tomorrow will be important. Friday, the only ones able to trade the unemployment data will be Futures Traders. Both European & U.S Equity markets will be closed at the … Continue reading
We sold the Euro right here @ 131.36. We’re using an all session stop “GTC” of 131.66. If we get stopped out we will look to sell another rally. In general, we favor the long side of the dollar with … Continue reading
SELL the EURO @ the market using a 30 point stop. BUY 1/2 position back in the QID…”Long QID=Short Nasd”