Tag Archives: Euro
EUR/AUD…Position Update
We’re filled on EUR/AUD. We’re now short the Euro & Long Aussie. I was hoping for a little different set up. We need to see this change direction in the next 45 minutes to be right the level. Stops are … Continue reading
A.M. Look 5/20/14
Stocks… Nasd 100…Point & Figure break out is above 3625. Sustaining above 3625 could get you another 50 points. IWM…is at a major inflection level after a 2 day rally into major mvg avg resistance. A close over 111.25 is … Continue reading
A.M. Look 5/19/14
Stocks… Nikkei…is putting in an ORl day. This is not a pattern I’d look to take given the current RSI’s which show it’s getting oversold on the daily chart. Nasd 100…3590 will be pivotal. We’re in Rally mode by maintaining … Continue reading
Europe
Dax is done rallying for a while with a potential ORL day. Euro…price action above 137.33 will run out all the weak shorts. Italian 10 yr…the Italian Bonds have blown off. EUR/AUD…is attempting an ORH day. This is still a … Continue reading
A.M. Look 5/15/14
Stocks… Spu’s…sustained price action under 1882 is needed for a further sell off. Nasd 100…still needs under 3575 to do any pattern damage. DAX…9600 is today’s support. FTSE…6995 is the 1999 high with resting buy stops above. This is the … Continue reading
A.M. Look 5/14/14
Stocks… IWM…110.10-50 is support and the no sell zone. This is the area where the shorts can get spit out the first time down. Nasd 100…needs to get under 3597 for any downside to materialize. A close under 3460 is … Continue reading
A.M. Look 5/13/14
Stocks… IWM…114.40 resistance. A couple of closes over this level is needed for a test of the yearly highs. Nasd 100…longer term point & figure charts show that some work is needed to get through 3625-35.In fact this is where … Continue reading
A.M. Look 4/12/14
Stocks… KRU…the regional banks look to have bottomed. 82.50 is pivotal. price action over this level could lead to a test of 86. IWM…110.75 is 200 DMA resistance and the upside pivot. GOOG …put in an ORH day. GOOGL…just missed. … Continue reading
A.M. Look 5/9/14
Stocks… QID…price action and a close over 60.20 is needed for a up. Nasd 100…will need to sustain under 3525 and close below 3505 to show it can break down for another test of the 200 DMA @ 3430. Bonds … Continue reading
A.M. Look 5/8/14
Stocks.. TSLA…176-171 is where to look for a bounce. This is a low risk level to buy before you sell. Visa & IYT…both put in ORH days. An early holed will see more buying. Bonds 30 Yr. Bonds…135.04-134.29 is the … Continue reading