117.76-118.04 will be an important pivotal level in this cross. This is a re-test of last months outside reversal monthly level.
Dr. Nenner this A.M. has put out a recommendation to buy USD/JPY @ 75.50 ( sell Yen). If we get there the stocks will look like they will implode. This level is app 132.45 Sep. Futures. Since this level is … Continue reading
Today will be another very technical day of trading the stock indices and the bonds. In currency land the Swiss Franc is of most interest. Last night it made another attempt to breech 80 USD/CHF. Closing over this level would signal … Continue reading
That was quick…That low has the potential to hold at 1275… Opening range traders just got a 30 point move…take the money and run! Why…EUR/CHF came to close to 110.50 tgt matching 142.50 EURO USD/JPY has to close the day … Continue reading
It’s the last day of the Month: The overnight low in the Spu was app the 200 day mvg avg. ( 1282 ish), NASD shows value at 2295-2310 first time down…I would still like to see AAPL print 378-80 to … Continue reading
This type of trade can often set the tone for an early day trade or the early week bias out of Asia. It’s not a hard and fast rule, but more of a conceptual idea to trade from a side … Continue reading
AAPL …396.27 has my full attention…it was up closer to 400 in pre-market after earnings..however, price rejection here can put in a short term double top. A 20-25 dollar break would be healthy for this instrument. NASDAQ 100 Futures is … Continue reading
Short term traders can give the Euro a try from the long side here. Do not risk more than 10 ticks below the low. Consider this a Risk On trade after the flushing of the weak longs out of Europe … Continue reading