145.08-13 is the next resistance band with natural stops resting above. 146.08-15 is the next Point & Figure level to look for a possible double top and reversal. TLT…macro stops are above 121.63-76. Sell 50% of your remaining Longs around … Continue reading
The chart clearly shows that the SPU/BOND spread has relieved pressure. This is a primary reason that we advised taking some partial profits in the 30 YR. This should also be a warning to day traders to sell rallies ..not … Continue reading
144.22…This is the spot to pay (SELL SOME) for your trade and lock in some profits!
We’re still looking at a range bound technical picture in the U.S. Indices. Price action under 1300-02 SPU is needed for any downside to materialize. Given tomorrow is month end, we are likely to hang around these levels unless we … Continue reading
The game is Long Equities/Short bonds…SPU/BONDS AAPL needs under 443.75 to break. Even then, we would not look for anything more than a 432 print. IBM & MOO… looking good. Tech and AG… X..U.S. Steel looks good for a trade … Continue reading
AUD/USD…Short term Cash & Futures guys that are involved with this recommendation from yesterday, you’reĀ stopped out if you left the order at break-even. 106.08 ( H Futures) was yesterday’s IMM opening (App 106.70 cash). If you’re still involved, this is … Continue reading
1312 ish should be a tough level in the SPU’s 1st time in. A lot of individual stocks are giving all their gains back from yesterday. We chose the Aussie short today as the trade Du Jour early showing the … Continue reading
Resistance in the Aussie is definable…107-107.22 AUD/USD …Long Aussie = Long Equities… Shorter Term traders should be trying the short side of the Aussie here with a tight stop. MCP.. a close above 30.45 is needed for an ORH week…this … Continue reading