Tag Archives: Euro
A.M. Look 10/23/14
Stocks… Spu’s…as seen on the point & figure, after 5 days of a relentless 100 point rally with no consolidation, we finally got some back and fill yesterday. Now we have a range to judge the next move. Sustained price … Continue reading
A.M. Look 10/22/14
Stocks… Equity Indices have exceeded all my # sets for this rally. They’ve all come too far not to have some profit taking or back and fill. SHCOMP…is attempting an ORL day, however it’s sitting right on 200 WMA support … Continue reading
Euro…Trade Alert!
Sell 2 EURO @ the market! This is an opening trade! I exited the last of my shorts on a trailing stop at 126.90 a couple of weeks ago. Since then, we’ve seen several failed rallies. I’m willing to lead … Continue reading
Midday Missive
EURO…127.31 is today’s ORL #. A close below this level today will see the start of new weakness in the Euro. The first support level is 126.90-96. This is also the downside closing pivot for more weakness. AUD/USD…I just sold … Continue reading
A.M. look 10/16/14
Stocks… Spu’s….1810 is support and closing below 1800 leaves way for a test of 1725-30. Nasd 100…3700 is support and the closing downside pivot for another 150-200 points. Minimally, this has to gain traction back over the 200 DMA @ … Continue reading
A.M. Look 10/15/14
Stocks… Spu’s….1846 is unchanged on the year with macro sell stops below. Spu’s need sustained price action over yesterday’s high of 1892 to turn the longer term point & figure chart back up. Nasd 100…3768-58 is the 200 DMA depending … Continue reading
A.M. Look 10/8/14
Stocks… Spu/Bonds…the low yesterday matched the yearly uptrend line and cloud support. The spread either holds here or it takes a dive. SPU’s…the 200 DMA is @ 1903. The weekly support line we’ve held all year comes in at 1912 … Continue reading
Midday Missive
USD/JPY…107.15 (app 93.35 Futures) is Yen resistance and the closing upside pivot. This is the spot to sell the Yen with a very tight stop of app 25-30 pips. You should see price rejection here the first time up. How … Continue reading
A.M. Look 10/7/14
Stocks… SPU’s … the point & figure pattern shows a move back to 1928 is possible. Sustained price action above the high 60’s is needed to turn the pattern Bullish. IYT…closing below 148.25 would target 141 a test of the … Continue reading
A.M. Look 10/6/14
Stocks… SPU’s …need sustained price action back under 1954 to weaken. 1972 is today’s resistance and closing upside pivot. GOOGL…needs sustained price action and a close over 591 to held propel the indices higher.VIX…13.55 is support where the 50 & … Continue reading