Tag Archives: Euro
Silver…EFA…Weekly Pattern Alert
Silver… weekly stops reside below 31.62. A weekly close below this level puts in an ORL pattern which can be price negative. The jobs data Friday will be important for the metals. EFA…a close below 53.97 puts in an ORL … Continue reading
A.M. Look 4/4/12
Currencies… Euro…131.50 is the downside pivot, only sustained and closing action through this zone will lead to more downside. AUD/USD…102.64 is support. The downside pivot is 102.00 same as above. USD/JPY…needs sustained price action under 82.00 USD/JPY ( over 122 … Continue reading
Nasd 100 Futures
We’re not going to honor the ORL daily pattern in the Nasd 100 today. Given Friday is the Qtr’s end, and we think you could see some residual positive capital flows into early Monday, we’ll wait until tomorrow to determine … Continue reading
A.M. Look 3/28/12
AUD/JPY…just tried unchanged on the week @ 86.22 and held. AUD/USD…is flirting with it’s 200 day @ 104.07….Both of these instruments have to sustain under the overnight lows for more Risk Off. Euro…show me something over 134 or under 133 … Continue reading
A.M. look 3/23/12
The interesting weekly chart patterns are in the OIH and the XLE ( Oil derivatives). They’re both putting in ORL weeks,however they are both getting into technical areas where we would entertain going long again. We’ll put these two on … Continue reading
A.M. Look 3/22/12
Is the sky falling? I wouldn’t get too wound up about it just yet. The current price action around the board in the Currencies,Bonds and Equities Indices are typical for this week going into the end of the qtr. 30 … Continue reading
A.M. Look 3/20/12
Today will bring the 30 Yr. bonds into the spotlight with futures expiration. We witnessed a big day trade in the Swiss,Euro and Aussie yesterday, which we have NO position in after our stops were elected last night. The board … Continue reading
Yen…Euro Trade Alert!!
I’m looking for an 84.00 USD/JPY print ( app 118.95 ish H Futures) Yes!!!.We’re taking our money around the 130 level in Euro Today….Closing Trade. Sure, it can go farther. Monthly stops start @ 129.75 thru 129.59, which is unchanged … Continue reading
A.M. Look 3/14/12
Spu/Bonds… has been the game since 12/19/11. It’s been a one way ticket. This spread still has more to go. With the Downside breakout, of the 30 Yr. Bond Futures of a 5 month trading range yesterday, we’re seeing the … Continue reading
A.M. Look 3/12/12
The markets are living in a technical world. Gold…retested it’s Friday ORH break out last night and held for now. The point & Figure charts show, by not sustaining above this area, it is vulnerable to further sell offs. It … Continue reading