Stocks.. Bonds FX GBP/USD….are testing the 159.40 pivot level. They either bottom right in here or break another 200 points. USD/CHF…is putting in an ORH day. The Swiss Franc is breaking back to the downside, which is reflective of less … Continue reading
Stocks.. Spu/Bonds…is sitting on the 18 week mvg average.This is a big go or no go level! The last time we touched this line was April 8th and it held for a very big move in the spread. In April … Continue reading
Stocks.. Looks like most of the world has deemed Congress irrelevant, however the emerging markets look open for business. RSX (Russia), VNM (Vietnam),PIN (India) all have great chart weekly patterns. OIH & XLE are the two etf’s to keep on … Continue reading
I like the high for now in the Yen Futures. The cross didn’t get as low as I’d like. As long as the Spu’s hold up above 1677 this should hang in. The real sell stop is below 90.40. I’m … Continue reading
Short term traders…1675.25 is the daily ORL # in the Spu’s. The market is definitely aware of the level. Not only is it the qtrly close but when you add in an ORL to boot it becomes a major inflection … Continue reading
Stocks… EWG…needs to maintain and close above 28.03 by the end of the week for higher. EWP…closing and maintaining over 35.50 is the upside breakout for Spain. As long as this ETF holds 34.75 things are looking up. EWZ…47.95 is … Continue reading
Stocks.. Spu’s…1692 is first resistance. Bonds 30 yr….131.28-05 is the bigger support leveland the downside pivot. FX… AUD/JPY…92.60 is resistance EUR/JPY…132.10 has to hold on a closing basis to remain firm. GBP/JPY & CAD/JPY are both sitting on support. EUR/AUD…is … Continue reading
VIX…15.16 is closing resistance. The low of the day was close to the 200 day again. Day traders should be using the the Vix for the tool that it is. At resistance you should be taking profits on shorts or … Continue reading