Tag Archives: Euro

A.M. Look 2/23/12

Posted on 02/23/2012

Yesterday found me beating back my accrued Pavlovian tendencies from my charged years of Pit trading. I wet myself and realized my issue before I embarrassed myself. We try to limit those episodes. Right you are! I’m not alone, we … Continue reading →

A.M. Look 2/21/12

Posted on 02/21/2012

USD/CAD…98.80-99.00 continues to be the hurdle level ( Dollar support). This runs up to 101.37 in the (H) Futures. Simply put, don’t buy Futures strength/ sell Dollar weakness into this level. The Canada will need more than one attempt at … Continue reading →

Euro…EUR/JPY…Yen

Posted on 02/17/2012

The Euro is coming back up into resistance near 132, while the Yen Futures are coming into support +- the 126.00 level in the (H) Futures. Simply put, if you’re going to get a reaction ( profit taking) in the … Continue reading →

A.M. Look 1/31/12

Posted on 01/31/2012

It’s Month End…Don’t Fight The Flow… Typically going into end of month instruments tend to go in the direction they have been traveling. This month it’s Equity Indices up,Dollar down,Metals up & Commodities up. These movements are even more pronounced … Continue reading →

A.M. Look 1/30/12

Posted on 01/30/2012

We’re still looking at a range bound technical picture in the U.S. Indices. Price action under 1300-02 SPU is needed for any downside to materialize. Given tomorrow is month end, we are likely to hang around these levels unless we … Continue reading →

A.M. Look 1/26/12

Posted on 01/26/2012

Deja vu…shades of last year…”your cash ain’t nothing but trash” A creeping equity market fueled by a devaluing dollar and a chase for high yields, with money looking to buy cheap dollar denominated assets. The result is the same as … Continue reading →

A.M. Look 1/23/12

Posted on 01/23/2012

The moves over the past couple of trading days have been run off SPU/BONDS and DAX/BUND. The sell off in the Bond markets have been keeping the equities buoyant. Watch the price action in the Bond markets for clues to … Continue reading →

A.M. Look 1/20/12

Posted on 01/20/2012

ORH…Outside Reversal Higher…price positive pattern SLB…71.45 BTU…37.55 HAL…36.71..(shows a double top and a double bottom on the weekly…whichever way it breaks out) Euro…128.81 EUR/JPY…98.85 TBT…19.28 ORL…Outside Reversal Lower…price negative pattern 30 yr…. 142.01 Bund…138.43 TLT….117.68 ( this has a weekly … Continue reading →

30 yr….SPU/BONDS…Euro

Posted on 01/13/2012

145.20 in the 30 is the next area to watch for a reaction in the spread. 1255-59 is the bigger support in the Spu’s. I’m still looking for that 1259 print. Euro…126.87…Short covering can occur back over this area, yesterday’s … Continue reading →

A.M. Look 1/11//12

Posted on 01/11/2012

Crop report tomorrow…..grain and Grain names will be in play Spu’s…Our focus will be limited to 2 levels…1280 & 1259.. 1280 will be pivotal early. Gapping below for the pit session and failing to rally back over would be bearish.. … Continue reading →