Tag Archives: Gold
A.M. Look 10/17/12
Euro… buy stops are 131.72, with 132.50 being a sell zone the first time up. 30 yr…weekly stops are under 147.10-12. This is also the 50% of the recent range. 147.00 would be a good place for short term traders … Continue reading
A.M. Look 10/16/12
Euro… is at the top of a triangle and channel line as shown on both the Point & Figure and Bar chart. Weekly stops rest over 130.60-75. Yen…is getting close to our breakdown level. 126.40-78 is still the closing support … Continue reading
A.M. Look 10/12/12
Nasd 100…2715-20 now becomes the key hold level and near term closing pivot. Spu’s…the resting stops are below 1425. They elected them last night…now all new strength over 1437 will run out all the shorts. I would still need a … Continue reading
A.M. Look 10/11/12
Nasd 100…2715-20 now becomes the key hold level and near term pivot. Spu’s…the resting stops are below 1425. They elected them last night…now all new strength over 1437 will run out all the shorts. Euro…128.22 is the 200 day mvg … Continue reading
A.M. Look 10/10/12
Nasd 100…2715-20 now becomes the key hold level and near term pivot. Spu’s…the resting stops are below 1425. EUR/AUD…we don’t expect to see much below 125.33. Euro…128.22 is the 200 day mvg avg. This is a better buy level than … Continue reading
Gold & Silver
1775 Gold is still holding with minor stops below. Silver is holding up better with the initial break holding the 18 day mvg avg. Price action back above 35 today should lead to a good rally. Use today’s lows to … Continue reading
A.M. Look 10/5/12
30 yr. Bonds…148.13 is the initial Point & Figure support. 147.18-24 is the the next level. Spu’s…our macro closing level of 1462 has not changed. This is the closing upside pivot that will lead to a test of the 1500 … Continue reading
A.M. Look 10/2/12
Bunds…140.96-141.01 is support. 142.31 is resistance. Were watching these levels for clues as to direction off the DAX/BUND spread. Copper…maintaining over 377 keeps a positive tone with 382 ish being near term resistance. General Comments… The Equity Indices are still … Continue reading