Tag Archives: Risk Off Trade
Copper | Weekly Pattern Alert!
Potential Outside Reversal Lower Week
A.M. Look 6/19/12
30 Yr. Bond Futures…look like they need sustained price action 6-8 ticks over last nights highs to start another thrust up. Euro Stoxx…21320 is the 18 day mvg avg and support. 21847 is the 50 day and resistance. DAX….62550 is … Continue reading
AUD/USD | Trade Alert!!
The markets went risk on last night and risk off through London into early New York. We need another small “Risk On” wiggle up to get filled on this trade. This trade is a very defined look at a “Risk … Continue reading
A.M. Look 6/14/12
Gold…1630 is still capping the rally. Platinum…1471 is near term support. 1506-10 is near resistance. General Comments… We reduced our SDS exposure ( Risk Off) by 50% yesterday mainly because I am not a fan of coin flips. Any involvement … Continue reading
A.M. look 6/13/12
Welcome to the mid-week shuffle. 30 yr. Bonds…148.07 (M) 147.19(U) is near term support. Spu’s …the Sept needs to sustain above 1322 ish to rally. Bunds…could go as 140.70 and hold..this will be a key monthly closing level. A close … Continue reading
SDS…Trade (STOP) Update
The SDS is currently trading at our original stop level. The SPU’s Point & Figure shows new strength is needed over 1331 for a run back up. We’ll use a day stop trigger of 1332 futures or app 16.25 ish … Continue reading
A.M. Look 6/11/12
We were stopped out of our remaining EUR/JPY on the opening last night. Date: June 7, 2012 7:22:56 AM CDT CAD/JPY & GBP/JPY…are both coming up to their respective 200 mvg avg’s. 124.07 GBP/JPY 77.96 CAD/JPY CAD/JPY is an … Continue reading
A.M. Look 6/6/12
Welcome to the Mid -Week Shuffle… Gold…could go as high as 1650 Platinum…stops are over 1674 Spu’s …1292.50 should be early support. 1300 is early resistance. Nasd…2496 is early support. 2527-24 is the 18day mvg avg. and the monthly close. … Continue reading
A.M. Look 6/5/12
OIL, Euro, Aussie & Spu’s all rallied to their upside pivots last night and failed. General Comments… We’ve gone from one end of the spectrum..rallying into resistance ( another rally to nowhere) through the Asian session right back to near … Continue reading
A.M. Look 6/4/12
Full Moon Trading Tonight, that means half the world has their Ouija Boards out and you should have your track shoes on. Spu‘s…the downside levels will remain static. 1252.60 is last years close. 1243 is the next meaningful Fib support. … Continue reading