Tag Archives: GDXJ
A.M. Look 4/24/12
Spu’s…1379-80 Nasd 100…mid to high 2680’s Oil…104.10-40 is near term resistance. Only closing over 105 shows convincing new strength. General Comments Expect some 2 way trade early with the spat of U.S. Economic data coming out. The later in the … Continue reading
A.M. Look 4/20/12
Energy contracts expire today. Both May Oil & NatGas stop trading today. We’ll start to pay attention to these instruments for opportunity. Euro…there are resting stops over 132.14. A close over this level puts in an ORH weekly pattern. EUR/JPY…is … Continue reading
A.M. Look 4/19/12
Spu’s…are stuck between 1375-1390 on top. NASD 100… same deal…2700+- and 2730 on top. USD/JPY…81.88 ( app 122.25 Futures) should be your focus for further price action. We previously identified (123.25 Futures.) as a significant level. That was last night’s … Continue reading
A.M. Look 4/18/12
USD/JPY…81.88 is the weekly ORH #. A close over this level Friday leaves room for a large move up in this Dollar. Yen Futures line up slightly different with a close under 122.25 needed for the ORL. Sustained price action … Continue reading
A.M. Look 4/17/12
Spu’s…after putting in a lower low last night at the end of Asian session,markets reversed in Europe. Sustained action over 1375 will be positive. NASD…same story, a lower low right into major Fib support “2650’s” General Comments… We tried the … Continue reading
A.M. Look 4/16/12
EUR/JPY…is a key feature of the board. This cross put in a ORL day on Friday right into the 200 mvg avg and is following through to the downside. 104.40 ish…then 103.50 are the next support levels. As long as … Continue reading
A.M. Look 4/13/12
We’ve seen a contra-trend trade into resistance in the Spu’s,Aussie,Euro, and Yen Crosses as well as the the commensurate re-test lower in the Bunds & 30 Yr. Bonds over the past 2 sessions. Now What? Spu’s..let them be your guide … Continue reading
A.M. Look 4/11/12
SPU…the 1st big tgt area is around 1330 NASD…2668, with the big Fibs around 2650 We can still get to these levels, however we put out a warning for the SPU/BONDS late in the day yesterday that we were at … Continue reading
GDXJ…Trade Alert!!!
We’re BUYING the Junior Miners (GDXJ) @ the Market!!. The first tgt is 23.57. Gold has put in an ORH day. We recommend having some in your portfolio. We’ll look to get some on against 1650 over the next couple … Continue reading