Tag Archives: Euro

EURO

Posted on 07/22/2011

143.30-50..EUR/USD Just as price action yesterday over this level kept the stock indices firm, this level becomes a good market tell ( Risk ON) for today’s trading as well. All new price action under this level is needed to weaken … Continue reading →

EUR/CHF…EURO…BP

Posted on 07/21/2011

First DR. Nenner has been hot with his calls across a lot of asset classes. There are two closing, go long over, signals presently in play.The First is GO LONG on a close over 143.30 in the Euro . Looking … Continue reading →

SPU/BONDS…30 Yr. Bond Futures…Euro

Posted on 07/21/2011

125.00 30 yr. Futures should have your attention the rest of the day! This is a big downside pivot today. A violation and sustained price action under this level will have the Risk On crowd simply drooling from their mouths. … Continue reading →

A.M. Look 7/21/11

Posted on 07/21/2011

Let’s just take a minute to speak about last night’s price action. The metals came close to retesting the weekly highs, while the stock indices tested the support levels we spoke about in yesterday’s A.M. Look. Euro had a big … Continue reading →

A.M. Look 7/19/11

Posted on 07/19/2011

We’d like to thank John Thomas, “The MAD HEDGE FUND TRADER”, for an insightful and entertaining luncheon at his Chicago event, it’s always a pleasure! Lemming Effect Trading…yesterday was more of the same…we sent out the Swiss and EUR/CHF charts … Continue reading →

A.M. Look 7/18/11

Posted on 07/18/2011

The fear trade continues…Short Euro/Long Metals.. 1298-1302 S&P 500 futures is still a key technical level. This continues to be a market for short time frame traders, while stocks like AAPL have become the recipient of a seeming flight to … Continue reading →

A.M. Look 7/14/11

Posted on 07/14/2011

Mildly jet lagged here, and trying to get a handle on the Risk On Risk Off schizophrenia. The only safe trending trades have been the Grains and Metals, as traders buy the dips to park money. 1580, Gold, looks to … Continue reading →

A.M. Look 7/12/11

Posted on 07/12/2011

Just a couple of observations…. S&P 500 came down to where the rally started 2 weeks ago. The P&F chart now looks like all new weakness under 1298 or strength over 1318 is needed for directional follow through or change. … Continue reading →

EUR/CHF…Precious Metals

Posted on 06/30/2011

Long Euro/Short Suisse 121.50 now becomes the weekly focus in this cross. A close tomorrow, above, will put in an outside reversal week to the upside, signaling an interim bottom. Last months close was 122.96, which should cap the rally … Continue reading →

Euro…Aussie…Canada

Posted on 06/29/2011

Euro (144 Futures)…matches up with 144.50 cash today. Aussie (105.80 futures)…matches up with 107 AUD/USD Canada (103.25 Futures)…Matches up with 96.80-90 USD/CAD These are big closing pivots in the currencies! Closing through these levels is needed for further upside. The … Continue reading →