USD/JPY…point & Figure shows a double top ( Bottom in Futures) @ 94.40. Our downside tgt of 106.20 futures/ 94.16 USD/JPY has been reached. 105.32 Futures is the next level of interest. EUR/AUD…as long as this remains over 130.40 this … Continue reading
We are closing this trade. Sell the futures at the market! I’ve never been much of a fan of chasing a market. The game is still in the individual names.
EUR/AUD…needs a close over 130.60 for higher. AUD/USD…102.56 is last weeks low, with recovery over 103.11 ( 200 mvg avg needed for higher) 102-102.30 is a multi year pivot zone. GBP/USD…having failed near the 200 day mvg avg, closing under … Continue reading
Nasd 100…a close over 2764.50 puts in an ORH week. 2778.50 is near term resistance. This has been consolidating and going sideways for 5 weeks. A close over 2764.50 will have us honor the signal by going Long the index. … Continue reading
SPU’s…1484.70 is today’s ORL# Nasd…..2705 Midcap…107760 Russell…89360 These are end of day ORL#’s Whether we put in a tradable top with a completion of this pattern or not, price action tomorrow below these levels will lead to some much needed … Continue reading
Euro…is doing a 2 year swing. We expect to see 135. EUR/JPY…resistance is 120.60 AUD/JPY…. As long is it remains higher on the year, this cross remains an attractive buy on any descent pullback. Oil…as long as Oil remains above … Continue reading
Those of you looking for a risk off trade, the QID has a definable stop. Buy this double short NASD looking for a dollar trade with a stop just below today’s low of 28.05
30 yr. Bonds…. 145.31-146.09 being the rejection zone the first time up. TBT…65.08 is the 200 day. 64.68 is where the trailing stops are with 64.57 the first fib zone. This looks attractive around 64.60-70 for a bounce. NASD 100…2682 … Continue reading
Closing below 2711 Nasd 100 puts in an ORL day. The Spu level is 1444. This pattern if completed would be negative the Equities. The higher yields..lower Bond futures is creating the flight to the Dollar and the selling of the precious … Continue reading