Tag Archives: Euro
A.M. Look 12/16/10
The whole board this a.m. shows contra trend relief moves from yesterdays big directional moves…. The euro needs a close under 131.80 to extend down.. Yen got the stops in the futures in the low 118’s as the straight Usd/Jpy … Continue reading
A.M. Look 12/14/10
Two comments in currency land this a.m. 1) The Aussie @ 100.19 cash has printed my initial target for this short swing from yesterday. The futures fell 10 ticks shy. There is a possibility of another 30-40 points before price … Continue reading
A.M. Look 12/9/10
No great insights this A.M. It’s going to be a trade what you see kind of day however, I would point out that the Spu/Bond spread on the longer time frames is getting over baked….the Stocks have remained firm and … Continue reading
A.M. Look 12/7/10
Pretty much all the technicians have similar same level in the equities and the metals. Since this is the first time up to the tgt. in the Silver it’s time to ring the register. Each investor needs to assess his … Continue reading
A.M. Look 12/6/10
The Euro is seemingly following the weekly reversal #’s by rejecting the 134.40 area. This currency as well as pretty much all other instruments except the Gold and Silver have reversed direction since Friday’s close. The question is whether this … Continue reading
A.M. Look 12/2/10
Core positions are presently long TBT,Aussie,Smh or Soxx index,YCS (short yen) and long JJG ( grain etf) Many of you have key long Gold and Silver holdings with a smattering of miners and selected oil stocks. Stay the course. It … Continue reading
Outside reversal update…with positions
Outside reversal months: DXY…..dollar up USD/NOK GBP/USD EURO USD/SGD USD/ZAR….With a double bottom on the monthly 67660 EWA….downside EEM…..downside EWZ….downside DSX…..downside Euro Stoxx 50 VIX……upside In short this is painting a relatively bleak picture for the emerging markets in general. … Continue reading
A.M. Look 11/29/10
Tomorrow is month end and a very broad part of the board has big changes afoot. The following is a list of the outside reversal monthly closes across key currencies and related country ETF’s. Euro…. 136.17 USD/JPY…. 84.00 USD/NOK.. 595.88 … Continue reading
11/23/10 round #2
We have just acheived some big tgt levels in the Euro near 133.50 and the Aussie “Second time down to 97.20” Take a long deep breath….this is the time of day for some directional correction
A.M. Look 11/19/10
The anticipation of the press conference is out of the way in Germany. Short term traders should take a decidedly you first approach to today. Present Holdings… short the 30 yr. Bonds ( long TBT) looking to sell any major rally, or … Continue reading