We’re Buying SSO on a 54.81 stop close.
Spu’s…maintaining over 1358.20 ( the daily ORH) should initially lead to 1364-67. Nasd 100…needs a close over 2541 for an ORH AAPL…We’re Long the call spread. If you didn’t start…do some now.
GOOG… 633 ish +- 5 points needs to hold on a break. Most analysts will be watching 638-40 but I want some leeway. AAPL…495-505 is the area we’re going to BUY the Feb 550/575 call spread. We’re going out to … Continue reading
EUR/JPY…103.46 is the weekly ORH level that this cross needs to maintain above for further Yen weakness from this level. Spu’s…1364 & NASD 2540 are the short resistance levels. Price recovery over these areas are needed for any kind of … Continue reading
The miners are retesting their last breakout of 48.40, which is also the 200 day mvg avg. The weekly charts show that 47.63-83 is the lower risk buy zone with a tight stop. Spu’s…sustaining over 1367.50 will run out the … 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
USD/JPY…keeps holding the 200 day mvg avg @ 79.68, App ( 125.68 Z Futures) This level should be monitored for direction on the crosses. General Comments… The board has not changed, It’s still trading Risk off. Today should continue to … Continue reading
Yen Futures…those of you that trade the cash or futures got filled last night on your sell order. 1/2 of the recent swing is 126.75 (Z) app 78.90 USD/JPY. General Comments… Yen traders…this is not a trade we’ll leave open … Continue reading
Spu’s…1398-1402 is resistance with 1407-09 being the dream sell level the first time up. Sustaining below yesterday’s Fib match lows will lead to a test of the 200 day. Nasd 100…the monthly bottoms are +- a few @ 2600, which … Continue reading