Tag Archives: Euro
EURO…SPU
Euro…135.25 is near term resistance. Stops are resting over 135.70 which would tgt 136.10-20. SPU…1235 was a descent place to take a rest. Trade your time frames.
A.M. Look 11/29/11
In two years, this is a first for me…I’ve placed yesterday’s comments below. The levels have not changed. The game is still day trading the spread “Long Spu’s /Short 30 Yr. Bond”, while matching up your levels in the currencies … Continue reading
A.M. Look 11/28/11
SPU…The big zone on top is 1197.50-1206.50. Expect price rejection the first time up. Bears…this is a good spot to try a short with limited risk. ( sell them before you buy them at this area) Aussie…100.50-60 should line up … Continue reading
A.M. Look 11/23/11
SPU’s..1171-1166 is a significant level. Generally areas like this are directional ( Bear) traps the first time into the zone. However closing below a level like this is quite Bearish. 1153 is the next Fib level. There is a very … Continue reading
A.M. Look 11/18/11
Euro…It’s caught between 135.50 and 134 ish. A momentum close is needed either way, above or below, for a short term signal. Oil…100 is short term resistance. If the board goes Risk Off again. 94.50 could be revisited. Gold…we’ll need … Continue reading
A.M. Look 11/17/11
I’m feeling like I’m in a bad B movie, and Boris Karloff has strapped me to the rack in his torture chamber. OIL…Needs all new strength over last nights high or under 101.50 for weakness. Gold…We’re standing pat for our … Continue reading
A.M. Look 11/16/11
EURO…135.50-80 on top…133.90-134.14 below( natural support) which is last years close matching Fib support ( half way back from the June 2010 low). Once closing under the yearly close, 132.50 seems the next area to test. This simply means to … Continue reading
EURO…EUR/JPY
Most of you know I’m a big fan on Dr. Nenner’s Technical Model. Today he has a breakdown level in the Euro on a close below 135.50. Classic…he nailed the level and the market is now gravitating to it. I … Continue reading
A.M. Look 11/15/11
It’s not a good morning for the risk on crowd. We would have been much happier if we just sold the Euro as a hedge against our portfolio. Short Euro/Long Gold..has been working for a while. Short Euro/long anything seems … Continue reading