Tag Archives: Spu
USD/JPY….Spu’s
Multi-year macro stops lie @ 95.00 USD/JPY. Just under 105.32-26 futures. Everybody will be trading June Equity indices today. Once again…Not Us! We’ll continue to use (H) March for the signals into next week.
A.M. Look 3/6/13
Welcome to the mid-week shuffle… GOOG…848-850 is the level to use for a contra trend trade. We’re looking at this level as a spot to match up with a high in the Spu’s for a reaction trade the first time … Continue reading
A.M. Look 3/5/13
Spu/Bond…is trading once gain at a key mvg avg that broke the Spu’s 40 points the last time it failed at the avg..It’s not an inconsequential level. One again it will act as a big mkt pivot. 30 yr. Bonds…point … Continue reading
A.M. Look 3/1/13
Spu’s…keep it simple..yesterday’s high in the Spu/Bonds was just shy of the 18 day mvg avg..This is running the show! 1506 is pivotal…sustained price action above yesterdays close is needed to try higher. 30. yr.…the numbers haven’t changed. Euro.. short … Continue reading
A.M. Look 2/28/13
General Comments… It’s month end…the markets seem relatively quiet this A.M. Spu’s show 1519.25 as a potential double top. This level could to lead to some possible back and fill price action, however we wouldn’t be looking for much. The … Continue reading
A.M. Look 2/27/13
AUD/JPY….94.40 is pivotal…only price action above 95.75 would be price positive. Yesterday’s low of 93.09 is point & figure support. New price action below will leave room to achieve the first macro fib of 91 +- a few. AUD/USD…sustained price … Continue reading
A.M. Look 2/26/12
EUR/JPY…122.36 is key resistance and the upside pivot. AUD/JPY…95.27 is resistance. recovery over 95.66 is needed for higher. Under 93.63 look for another figure lower. USD/JPY…was a classic after the Chicago pit close, sweeping of the stops, by the bots. … Continue reading
A.M. Look 2/22/13
ORL Weekly levels … Spu…1510 DJI…13,906 Nasd…2753…. Russell… 90750 Midcap 400…11,022 Platinum…1600 is support and fib matches. 1640 is near mvg avg resistance. 1654 is fib resistance. Watch for market tone. This is a risk indicator. Silver…march options expire Monday. … Continue reading
Spu’s…Trade Alert!
Remaining and closing above 1519 is positive. Sustained price action below 1515 is needed for this to show any signs of weakness. My thought process was that if it were to give up the ghost it would happen over the … Continue reading