Gold…we’re still alive, however this will need to sustain and close over 1702 for higher. The stop remains… 1687 intra-day all session (GTC) good till canceled. Oil…the range is tightening. Price action below 86.30 will find new sellers, however we … Continue reading
We’re approaching the qtrly downtrend line in the spread. Again this shows Long Equities ( S&P 500 Futures) vs short 30 yr. Treasuries ( 30 yr. Bonds). This will be the chart of the day and the road map for … Continue reading
Spu’s…potential double top @ 1434.25. Look for this to move in 8-10 handle increments. EUR/JPY…108 is the weekly ORH #(this is a Friday closing level). Price action around this level should be monitored for Risk On/Risk Off paradigm. Higher prices … Continue reading
USD/INR…Indian (Rupee) is putting in an ORL week, meaning the Rupee is bottoming and now starting to gain strength. I’m mentioning this because India is traditionally one of the largest buyers of precious metals for personal consumption. A strong Rupee … Continue reading
Take 30% off.
USD/CAD…price action under 99.85 should help with a Risk On Board. ( App 100.10 Futures) OIL…86.65 will be a short term pivot. With a Risk on board, look for 88.60 and then 90. 30 Yr….150.15 should still be good hold … Continue reading
Spu’s…back to the 200 day. A close over 1381.75 (ORH daily #) sustaining over this level after 12:30 CDT, will put the shorts on the defensive. Nasd…needs over 2600, watch AAPL GS…117.84 are the near term stops with 118.57 the … Continue reading
General Comments… Go vote!!… Model Trading Portfolio…………….. Stop Close Profit Points Long TBT 59.30 69 Long Spu 1455/75 Nov. call spread Profit areas have been hit. Investors should have reduced positions. Small core … Continue reading
This instrument didn’t let you in unless you bought it right out of the gate today. Since the horse has left us at the starting gate, those wishing to trade this break out should do so knowing that a pull … Continue reading