Tag Archives: Forex Markets
A.M. Look 10/05/11
Here we are, right back to where this game started Monday. The macro numbers have not changed. A re-test of 2180 in the NASD is possible. AAPL was a huge hold, which was then followed by upside reversals and outside upside reversals … Continue reading
Bottom Fishing…EUR/CHF
We’re seeing the running of the lemmings with some prolific bottom fishing in the usual big Cap names. FCX looks to be leading the pack. The big question ” Is this just another rally to nowhere from a very over sold … Continue reading
A.M. Look 10/4/11
There is not much to say other than we’re going to the lower tgt’s in the stock indices and higher tgt’s in the Dollar and Bonds. Risk Off…. You’ll get your opportunities to sell rallies in the equity indices. Do … Continue reading
AUD/USD…Aussie Dollar Qtrly Chart
The low in the Aussie today is a 50% move back on the short swing..meaning the measurement from the 2010 low. This trade has been the mirror image of the Spu, and in fact topped in July. The first area … Continue reading
OIL…EURO…JJG
Everybody has got an opinion, which is Risk Off. In the meantime everyone keeps selling everything in the hole. Trade your technical levels! Crude put in a potential double bottom on the weekly which is helping to keep the Indices … Continue reading
Stock Indices…Risk Off
You got the one rally to check the Qtrly closes. Short term traders should be selling every rally until proven wrong. That would be price action over today’s highs in both the NASDAQ, S&P 500 as well as the Euro. … Continue reading
A.M. Look 10/3/11
One of the main features of last Qtr were the outside reversals in the dollar against the Singapore Dollar, Aussie, Canada and Brazilian Real. These chart patterns were a reflection of Global DE-leveraging or better known as the “Risk Off Trade”. … Continue reading
A.M. Look 9/26/11
Looks like the Asian session got a little wild last night. Let things digest a bit before you start swinging today. Gold re-traced to the 200 day mvg. avg and held around 1535. Euro…new lows for this move with a big … Continue reading
SPU/BONDS
So far this has been a big opening range trade in the Bonds..with the commensurate rally off the monthly moving avg’s in the SPU. 144.25 is the # needed to close below to think the 30 Yr. Bond upside is … Continue reading
#’s that matter
I’m putting these levels out just in case it gets really nuts today. In a world where every trade is the same trade being prepared is key. Aussie…macro stops are 95.40 cash. 93.80-94 is the next significant level down. Euro..133.85 is … Continue reading