4.174 is now your pivot for all short term trading.
Most of the board is directionally challenged. Simply put a lot of instruments have come a long way and prudent players are pairing back risk in some asset classes going into mid week Fed meeting. There has been a lot … Continue reading
Spu’s & SDS….yesterday’s close is a perfect example of why I prefer to trade Futures Vs. ETF’s. The S&P 500 Futures closed above our break down level. With the Futures, since they trade 23.50 hours a day, you can wait … Continue reading
Surrogates trades would include ECA,CHK,DVN,CBI,LNG
Not for the feint of heart! This is attempting an ORH day to the upside. The low was a good enough low to hold, even though we were looking for the lower Fibs @ 3.80 to initiate a Long. The … Continue reading
GBP/USD…buy stops are just over 156.10. Once above look for 157.30-60. Daily support and the downside pivot is 155.25. Below, look for a figure to the low 154’s. EUR/GBP…macro sell stops are under 83.90 Euro…131.32 is support and the downside … Continue reading
Natgas infrastructure names and Tech & Banks are leading. NFLX…197-200 will be pivotal and a big closing level. GOOG…should start doing $40 dollar swings to the upside as long as it maintains over 826. A complete swing will tgt close … Continue reading
EUR/JPY…128.60 ish can reject the first time up. As long as this remains over 126 we’re looking for a test of 132 , however 128.60 is our first tgt level from the 123.30 weekly breakout when we said this could … Continue reading
Natgas infrastructure names and Tech & Banks are leading. NFLX…197-200 will be pivotal and a big closing level. GOOG…should start doing $40 dollar swings to the upside as long as it maintains over. A complete swing will tgt close to924. … Continue reading
AUD/USD…is the feature today. Closing resistance is 103.85-104. AUD/JPY…has reached parity @ 100. This needs to back and fill from this level. the bigger macro resistance level is 101.80-90. EUR/AUD…the mid 124’s will be tough to trade. This looks like … Continue reading