We’ve put out some charts so you can see that investors are looking at the beaten up names for Alpha. FXI…China needs a close over 38.40 to start looking up and over 38.70 to get me involved. With China firm the Aussie … Continue reading
This is a trad able low in China against 36.45 close.
Punt of the Month… China economic data comes out tonight. You’ll either be a “Hero or Zero” Buy the Jan 42 calls for expiration tomorrow which are around 5 cents or Buy the Jan 42’s that expire the 25th for … Continue reading
30 yr.Bonds…expire today. 146.05 was the Oct. low and close to our last short exit. closing under that level will keep the Bonds under pressure until year end. We’ll monitor the price action for a possible short in the 30 … Continue reading
After some panic buying this A.M. our upper tgt’s were hit in the EWZ, close enough in the TBT, and to the tick in the 30 yr. Futures. We’re looking to Buy hard breaks in Risk assets and Sell hard … Continue reading
Today’s game is in the beaten up Mining names and the energy ETF’s. FXI…Looks ok against 33.25. MCP…13.49-14.35 will be the level to not buy strength into the first time up. This looks to like it wants to test 15. … Continue reading
The rest of the day will be a time frame trade.
These instruments are attempting ORH days. A close for the FXI ( China) over 36.88 and 17.52 EWH (Hong Kong) will complete these patterns. EWZ ( Brazil) A close over 65.38 would complete the ORH pattern here. Closing over 65.60 … Continue reading
Today is shaping up to be a two way trade day. Trade your short term technicals. It’s a ” HE said She said” market” thanks to the our European friends. A note on protecting your profits… Yesterday saw us getting stopped … Continue reading