We’re exiting the SDS and the TLT today. We will use this break to exit relatively unscathed and clear our head. We’re willing to give this a little more timethis A.M. to get back closer to our entry levels, however … Continue reading
Full Moon Trading… Euro…132.82 is first resistance with 133.15-30 being a key closing level for more upside. EUR/AUD…128.80 is closing resistance EUR/GBP…87.70 ish is resistance…sustaining above, look for another figure. Oil…94.46 is the pivot. Nasd…sustaining above 2758.25 is price positive. … Continue reading
We want to be short the natty against today’s high. Since the majority of you are not able to manage a Futures short in the widow maker, we ‘re going to BUY the KOLD ETF on a 26.08 stop on … Continue reading
Oil…Feb. expires today. March is the Month you should be following. Natgas…Feb. expires next Tuesday. 3.71-3.76 is resistance in either month. Soybeans…closing and maintaining over 14.60 will lead to a test of just over 15. USD/JPY…we were looking for 90+ … Continue reading
30 yr.Bonds…expire today. 146.05 was the Oct. low and close to our last short exit. closing under that level will keep the Bonds under pressure until year end. We’ll monitor the price action for a possible short in the 30 … Continue reading
Currencies…we’re not touching anything until Monday, mid morning. Euro/Gold & Suisse/Gold…are hanging around the 200 day again. This will make trading the Gold difficult, so we’ll just leave our stop alone. The worst thing that happens is we make some … Continue reading
Gold…needs to hold right in here where we originally purchased it. Platinum…needs to maintain above 1600. We looked at platinum because it’s a risk indicator. Nasd…needs a close over 2700 for higher. It’s presently wallowing around the big mvg avg’s … Continue reading
By closing below 3.45 Natty will attempt the 3.19 level.
Euro…128.46 followed be 127.50 ish are the relevant support levels. 30 yr. Bonds..we placed orders to sell on Friday @ 152.14-17 (H). Cancel these orders, however we will look to sell them at this level if and when they get … Continue reading
Welcome to Pearl Harbor Day. Seriously, this is just another un-enjoyment day when my best work will be done with my trading mask and mail gloves on. Spu’s…1427-32 is resistance…Mid 90’s then the mid 80’s on the downside..the levels have … Continue reading