Is this the next shoe to drop? 13,165 is where the macro sell stops are resting. Maintaining and closing below will lead to a good retrace.
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
Whitewave will be closed in observance of Passover Tuesday & Wednesday, Coupled with theĀ unexpected loss of a family member yesterday, will publish our next update on April 1. To those of you who have recently started following us, this … Continue reading
Nikkei…from the 2007 high to the 2009 low, this is up 50%. We caution investors to not buy strength until you see a couple of closes over 12700. Confirmation of another leg up is needed with sustained action over this … Continue reading
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
This A.M. the main features will be the currency futures and grain expiration. The Currencies go off at 9:15 CDT. The U.S. Equity indices could have been worse given Japan’s market last night. Be patient and let it set up. … Continue reading