Presently all new strength is needed over 1281 Spu and 2242 Nasd for upside follow through. The same can be said for the 30 yr. low…it’s a decent level to hold for now. Aussie ..shows a double top on the … Continue reading
We lightened up or got out of most of our positions today. First they jammed a lot of people today during a very thin time of day after London’s close. Many weak market participants were run out of their long … Continue reading
Currency Futures expire this a.m. at 9:15 central, Canada tomorrow. The June contract goes off the board and Sept Futures will lead for the next 3 months. The Aussie should provide the best trading opportunities over the next few days … Continue reading
It was a big week last week. There are many lessons to hopefully be learned from how it all unfolded. Today, I want to focus on three things: 1- Stock indices and single stocks; 2- The Euro as an example … Continue reading
S&P,Russell,Midcap,Nasd…(whatever your chosen instruments) we are using stops over yesterdays futures highs on a closing basis to manage our shorts. TBT…same stop as yesterday 32.20 PAAS..Needs to hold right in here. Gold & Silver…The charts in both look vulnerable to … Continue reading
The Nasd will have a total breakdown with a Futures close below 2266. AAPL… 322- 324.80 will be another good market tell. This represents the last of the monthly support and the 200 day mvg avg. Only sustained price action … Continue reading
RWM ( Russell)…PSQ ( Nasdaq)…These are two short ETF’s. For guys that are uncomfortable selling rallies in the futures, these could be a way to play the downside while minimizing your risk and still being able to sleep at night. The Nasdaq futures … Continue reading
2347-2339 is the area in the NASD that can trap the shorts. The NASD will need all new weakness under 2339 for follow through from this level. SPU..The game here is again which chart is the correct chart to follow, … Continue reading