Tag Archives: Spu

A.M. Look 10/9/12

Posted on 10/09/2012

Nasd 100…2765-68 is first support. 2740 ish is the next significant level. USD/JPY…77.65 app 128.80 futures is resistance in the Yen. EUR/JPY…all new price action under 100.90 will be needed for more Yen strength and Euro weakness. Euro…needs all new … Continue reading →

A.M. Look 10/8/12

Posted on 10/08/2012

Nasd 100…2765-68 is first support. USD/JPY…77.65 app 128.80 futures is resistance in the Yen. EUR/JPY…all new price action under 100.90 will be needed for more Yen strength and Euro weakness. Euro…needs all new closing weakness under 129.25 for a run … Continue reading →

A.M. Look 10/5/12

Posted on 10/05/2012

30 yr. Bonds…148.13 is the initial Point & Figure support. 147.18-24 is the the next level. Spu’s…our macro closing level of 1462 has not changed. This is the closing upside pivot that will lead to a test of the 1500 … Continue reading →

A.M. Look 10/3/12

Posted on 10/03/2012

Eur/Aud…has been the feature in the currencies. 125.50 is support with resistance coming in +- a few ticks either side of 127, followed by the next big figure of 128. Soybeans…are at their first initial tgt of 15 dollars, however … Continue reading →

A.M. Look 10/2/12

Posted on 10/02/2012

Bunds…140.96-141.01 is support. 142.31 is resistance. Were watching these levels for clues as to direction off the DAX/BUND spread. Copper…maintaining over 377 keeps a positive tone with 382 ish being near term resistance. General Comments… The Equity Indices are still … Continue reading →

A.M. Look 10/1/12

Posted on 10/01/2012

Spu’s…stops are below 1425 and above 1445. Euro…128.23 is the 200 day mvg avg. 127.44 is the next fib support. EUR/JPY…price action under 99.62 is needed to keep pressure on the Euro. General Comments… Use Friday’s closes in everything for … Continue reading →

A.M. Look 9/28/12

Posted on 09/28/2012

Euro…129.59 is unchanged on the year. Presently it’s struggling. 30 Yr….150.16 is unchanged on the month. General Comments… I’m not remotely interested in anything that happens today. It’s all about the closes! Qtr end markings are not a game we’re … Continue reading →

A.M. Look 9/27/12

Posted on 09/27/2012

Metals…Yesterday’s lows in the Gold, Silver & GDX should be used for short term money management on Long positions. Miners… BHP…66.81 was the 2/3rds coming back on the month. This needs to bounce from this level or lower levels will … Continue reading →

Price Action…Chart Patterns

Posted on 09/25/2012

It’s going to get interesting this afternoon!!!! In the works..a potential outside reversal day to the upside ( ORH) in the 30 yr. with a close over 147.28. Russell 2000…possible ORL day with a close below 84540. Nasd 100…needs a … Continue reading →

A.M. Look 9/25/12

Posted on 09/25/2012

Gold…there are resting sell stops starting below 1757 with more under 1750. There are resting buy stops above 1800. Silver…35.25 is the upside closing break out. There should be small sell stops below yesterday’s low. GDX…the miners don’t act particularly … Continue reading →