Stocks.. Spu’s…are at resistance and very near the closing upside pivots. Spu/Bonds… are once again hugging the 18 day making new direction tough to discern. Bonds… We’ll look tomorrow for the next move. FX… AUD/USD…96.73 is the next resistance. Closing … Continue reading
Gold & Silver…I have no good ideas or a game plan. Spu’s…1634-36 is 1st resistance & tgt. 1645 on an initial rally off the number should cap an overshoot. SSO…79.85 & 8085 are the corresponding levels. TBT at 64.40-20 with … Continue reading
Stocks.. Spu’s…we’re smack dab in the middle of a 25 point range. The downside breakout is 1620 sellers. Spu’s have to go 1631 bid to avoid lower. Nikkei…has to hold 12,940 Bonds… It’s all about Friday! FX… EUR/AUD… 136.86 is … Continue reading
JJG…as long as this maintains above 51.40 this formation is positive. A close over 53 will lead to a rally towards 54.40. CORN (FUND)…this is a weekly trend line break out above 41.70 going back to last August. CN…(July Corn … Continue reading
We’ve put out some charts so you can see that investors are looking at the beaten up names for Alpha. FXI…China needs a close over 38.40 to start looking up and over 38.70 to get me involved. With China firm the Aussie … Continue reading
USD/JPY…needs under 101.85 “app 98.15 in the June Futures” to see much profit taking. 30 yr. Bonds…sell stops are143.16. The next set of macro sell stops are @ 142. As long as the Bond rallies fail just over 144 we’ll … Continue reading
USD/JPY…is poking it’s head up on the monthly, which could lead to the Yen eventually moving to the 107 area and beyond. In the meantime were at multi year levels in USD/JPY and EUR/JPY which will make me reticent to … Continue reading
Spu’s…1592.50-1593.30 is support. Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to … Continue reading
Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to another dollar higher. … Continue reading