The Bonds are not following through to the upside above 142.10. Meaning, I have chosen unwisely to be short the Equity Indices given the price action in the SPU/BOND spread. We’re stopped out of the QID…Let’s exit the SDS as … Continue reading
We’re BUYING SDS & QID @ the market. This is a short SPU & Nasd 100 Futures trade. Pros sell rallies in the futures against 1390 Spu/2730 Nasd 100 The stop on the ETF’s is yesterday’s Low.
We are Stopped out of our remaining short Spus’. A close above 2693 will have a close out the remainder of our Long Qid/Short Nasd
Spu’s…after putting in a lower low last night at the end of Asian session,markets reversed in Europe. Sustained action over 1375 will be positive. NASD…same story, a lower low right into major Fib support “2650’s” General Comments… We tried the … Continue reading
PCLN…AAPL have given the market the big flush. AAPL…595-600 will now act as the upside pivot. They don’t have to any more downside damage today. NASD…You should have lightened up at the levels based off the Futures not the ETF’s. … Continue reading
The Mid to low 1650’s is the level to take some chips off the table in the Nasd!!!!
EUR/JPY…is a key feature of the board. This cross put in a ORL day on Friday right into the 200 mvg avg and is following through to the downside. 104.40 ish…then 103.50 are the next support levels. As long as … Continue reading
We’ve seen a contra-trend trade into resistance in the Spu’s,Aussie,Euro, and Yen Crosses as well as the the commensurate re-test lower in the Bunds & 30 Yr. Bonds over the past 2 sessions. Now What? Spu’s..let them be your guide … Continue reading
SPU…the 1st big tgt area is around 1330 NASD…2668, with the big Fibs around 2650 We can still get to these levels, however we put out a warning for the SPU/BONDS late in the day yesterday that we were at … Continue reading
The Yen crosses told the story yesterday by holding big Fib support. The AUD/JPY,EUR/JPY & CAD/JPY all pretty much tested support at the same time and reversed. So did the OIL and Spu’s. General Caveat!….We’re honing in on a zone … Continue reading