The most interesting feature on the board this a.m. is the AUD/CAD. 97.30 ish is the level we are monitoring off a qtrly look, a good violation of this area would lead to a test of 96. EUR/CHF …124 should … Continue reading
You have a possible short term double bottom at 1258 (H) futures. leave your remaining trailing stops on all your long instruments as previously stated. We are NOT putting any more “risk on” trades just yet. The currency lows are … Continue reading
EUR/CHF….EUR/JPY EUR/CHF approaching 124.00 is a big red flag on my work! This cross is dramatically oversold…..128.80 is Dr. Nenner’s downside tgt in the Euro. EUR/JPY will put in an outside reversal week to the downside with a close under … Continue reading
The stocks continue to grind higher with little or no trade to the indices. This price action is very reminiscent of how the nasd traded just before the bottom fell out in 2000, however we’ll be waiting for higher prices … Continue reading
Our mind is in Holiday mode…and we’ve spent little time at the desk but over the next day or so I’ll write a few thoughts about trading in the New Year.. We originally sold the bulk of our Yen (bought … Continue reading
Silver…30.65-69 is the level for the radar screens this a.m. This represents the last high earlier in the month. I fully expect to see the metals remain strong going into the year end close. Euro..We tried to be long yesterday … Continue reading
Futures traders..Buy the Euro @ 131.62 Cash traders same price.. We’ll use a 131.30 stop intra day Trade small!
Euro…This dog put in an outside reversal day to the upside yesterday. This coupled with a monthly double bottom pattern still intact from 129.70 puts this on buy the breaks mode. According to Dr. Nenner this currency bottoms this week … Continue reading
Today we bring you another episode of Full Moon Trading, with a rare Lunar Eclipse twist. ( Trend changes can happen) The Euro put in a lower last last night and is attempting to rally. While it trades like a … Continue reading