Tag Archives: Grains
A.M. Look 9/5/12
USD/CAD…98.41 represents a double bottom on the Dollar chart. The corresponding futures level is 101.56, with 101.68 being the April high. This is the area that has to sustain above to rally. OIL…came down into initial support last night. Recovery … Continue reading
A.M. Look 8/31/12
Euro…We’re right back to the top of the range in the Euro and a potential weekly double top. Sustaining above 126 will have me looking for the Euro to trade to the 127.50 level. We’ll make a decision as to … Continue reading
A.M. Look 8/29/11
General Comments…. There is nothing new to speak off this a.m. All eyes are focused on Friday. Model Trading Portfolio …………….. Stop Close Profit Points Long XCO 6.80 8.40/9.00 / 11 Long Gold Long GLD Long EUO/Short … Continue reading
A.M. Look 8/27/12
30 Yr. Bonds…needs to sustain under 148 to start lower, and above 149.15 for higher. General Comments… There is just nothing to do here except to watch and wait. I’m surprised how little the Natgas and Oil have responded to … Continue reading
A.M. Look 8/24/12
Ground control to Major Tom? THANK YOU COMCAST General Comments… This will be a robot driven market the rest of the day. The metals will take over the weekend to play out. ( Do we go parabolic or roll back … Continue reading
A.M. Look 8/23/12
Silver…it’s sitting on it’s second tgt and the 200 day. AGQ…49.40 is the 200 day and first yearly Fib resistance 30 yr. Bonds…148.16-149.07 is the level we’ve been eying for a week to sell the 30. This level matches Fib … Continue reading
A.M. Look 8/22/12
Silver…29.86…30.40 Gold… 1645… 1661 ish is a weekly level. Platinum…1530 -5 is a weekly level…..1582 GBP/USD…the Sterling is trying to get some footing with one of the better looking weekly charts. A weekly close over 158.52 is needed to confirm … Continue reading
A.M. Look 8/21/12
The following are the previously stated static levels. Nasd 100…today I included this chart to show that we’re coming up to a “go or no go level” here as well. 2788-92 was the monthly double top we broke from. 2840 … Continue reading
A.M. Look 8/20/12
30 yr. Bonds…145.04 ( possible double bottom on the weekly), 144.20 ( 200 day mvg avg), 143.25 are the levels to coming down. Bunds..141.09 is 1/2 way back on the year. Italian Bonds…102.14-34…possible double top area on the monthly chart. … Continue reading
A.M. Look 8/17/12
Nasd 100…today I included this chart to show that we’re coming up to a “go or no go level” here as well. 2788-92 was the monthly double top we broke from. 2840 is the 50% re-trace of the life of … Continue reading