Tag Archives: Forex Markets
EURO…Metals…PAAS
I am looking at buying the Euro down in this area today. The Number you have to trade against ( use as a stop) is 145.50 Close. Along that same theme buying weakness in the metals is also on the … Continue reading
A.M. Look 6/8/11
The Nasd will have a total breakdown with a Futures close below 2266. AAPL… 322- 324.80 will be another good market tell. This represents the last of the monthly support and the 200 day mvg avg. Only sustained price action … Continue reading
EUR/CHF
122.60 EUR/CHF will be a tough level today in this cross. This simply means DO NOT BUY STRENGTH IN THE EURO at this time. You’re actually seeing the Swiss run out of upside momentum based off this cross. The currencies … Continue reading
A.M. Look 6/7/11
We had a swing and a miss in the Corn yesterday. At least it was over fast! Our plan is to keep selling the rallies in the equities. Currency traders should be very wary of selling any kind of weakness … Continue reading
A.M. Look 5/27/31
We got the 2 day rally in the equity indices I was looking for. The Spu printed last weeks close, which was the price action I was expecting. The Bulls would like to see a weekly close over 1335 to … Continue reading
A.M. Look 5/26/11
This A.M. I have a distinctly you first attitude about any trades. The Gold and Silver have both hit major resistance levels last night with Silver rejecting a 30% retrace of the entire break @ 39. 36.23 will now become … Continue reading
EUR/CHF
Dr. Nenner put out a 122.40 downside tgt. on this cross mid month. I am mentioning this for several reasons, first the condition of the market, this cross is getting very oversold on the very long term time frames,second EUR/CHF … Continue reading
A.M. Look 5/24/11
Be patient today and wait to trade on your own terms. 141.60 ish Euro seems a low risk level to try and sell today with a tight stop. It is a little early to tell whether or not the Spu … Continue reading
A.M. Look 5/20/11
Current holdings are a 50% position in the JJG which was initiated May 12th against the 200 day moving avg. We have taken a piece of this trade off each of the past 2 days. Many of you long term investors still … Continue reading
A.M. Look 5/19/11
The yen crosses are telegraphing more risk on trading early. A weekly close over 116.94 in EUR/JPY puts in an outside reversal pattern to the upside. This area along with 123.80 in the USD/SGD ( Singapore Dollar) needs to be … Continue reading