Copper is trading close to its all time high yearly close. Per room discussion last week, a couple of closes up here will elect a 40% rally. Shanghai sold off last night , however it looks to be a one … Continue reading
The Spoo’s have completed the initial past of the wiggle discussed yesterday. Last nights failure into the yearly close has me looking for the next level down. Spoo/Nasd..is just shy of its 50 DMA. Shcomp..wiped out all of the July … Continue reading
Trading will be instrument specific/level specific. Asia was optimistic about a trade agreement as evidenced by the Shanghai Comp price action. Spoo’s are trading below its 50 DMA and Spoo/Bond below both major mvg averages. Spoo…2890 is clear resistance on … Continue reading
Gold/Currency crosses walk up around midnight. China ran into finally released to the downside taking all Bourses with it. The later in the day it gets without recovery in the Indices over their weekly ORL #’s the buyers will go … Continue reading
Shanghai Comp led Bourses higher. Amazon is trading @ new all time highs. Hunt internet names. Expect a two way time-frame trade.
Euro..the overnight high of 119.57 is important as i will need to see a couple of good closes over this area for another run higher. AUD/USD…is the currency that shows continued strength. As long as this maintains closed over 76.00, … Continue reading
Stocks… Spu’s…have to sustain over 2015 for higher. The low 2090’s is near term support the first time down.DAX…11,380 is the weekly closing hold level. Bonds … Bunds…(M) 153.95 is support and the closing downside pivot for more weakness. French … Continue reading
BUY MCHI @ the Market ! This is an opening position with a 10% portfolio weighting. You can choose this ETF or the FXI. I’m reticent of buying strength in the SHCOMP, which has been leading all Indices.