Tag Archives: Euro
A.M. Look 9/23/14
Stocks… DIG…74.75 is monthly support. 78.31 is resistance and the Monthly ORL #. DAX…by staying below 9730, look for Dax to break in 80-100 point increments. 9560 is today’s 200 DMA. Nasd 100…has to close over 4080 mvg avg resistance … Continue reading
Midday Missive
Euro…after failing @ 129.25, is on it’s way to 127.50. All dollar denominated commodities will remain offered except for the meats. USD/JPY…107.25 (93.20’s Futures) is the level you want to buy dollars and sell Yen, if and when it ever … Continue reading
A.M. Look 9/19/14
Stocks… DAX…10,000 is the key resistance and upside break out level. A couple of closes over this level is needed for another big leg up. Dax is putting in an ORH weekly formation. Holding 9800 on the next break keeps … Continue reading
Midday Missive W/ Trade Alerts
BUY a 5% weighting each in TBT @ 58.10 & 57.05. Futures Traders…. SELL 2 (Z) 30 Yr Bonds @ 138.14 SELL 2 (Z) 30 Yr Bonds @ 139.09 SELL 4 Euro @ 131.20 These trades are way off … Continue reading
A.M. Look 9/18/14
Stocks… DXJ…remains positive with the falling Yen. This ETF is heading for a retest of the 2013 high of 53.94. Bonds … 30 yr. Bonds…(Z) 136.00 will run the price action today. Short covering above, weak below. FX… AUD/USD…89.16, last … Continue reading
A.M. Look 9/17/14
Stocks… IAT…although it put in an ORL day I’m going to give this trade the rest of today to play out. SWKS…put in an ORH day. This has an initial upside tgt just shy of 60 by holding above 54. … Continue reading
A.M. Look 9/16/14
Stocks… COP…put in an ORH day running right into intermediate trend resistance. A close over 80.10 is needed to confirm the pattern. Nasd 100…still looking for a test of 3970 (U) 3962 (Z) Bonds … 30 yr. Bonds…(Z) 138.30 is … Continue reading
Midday Missive
Spu’s…just double topped on the Point & Figure chart. All new price action is needed over today’s high for more up. Spu’s have to close below 1995 to think there will be any pattern damage. It will be a late … Continue reading
A.M. look 9/4/14
Stocks… Dax…Hit big resistance just shy of 9700 yesterday. This still seems to be the lowest risk Equity Index short given the defined out. Nasd 100…put in an ORL day. Sustained price action and a close over 4095 would lead … Continue reading
A.M. look 9/2/14
Stocks… DXJ…gains upside momentum over 50.10. XLE…the energy SPDR is looking good. This has room to run to close to 100. Bonds … 30 yr. Bonds…140.21 is first support. The point & figure chart has room for a move to … Continue reading