Tag Archives: Spu
30 yr. Bond Futures
147.07 is the 50 day mvg avg. 146.00 is the top of the cloud and we’ll pay for our TBT trade off this level. ( take some profits) The first level in the 30 yr. should match up with the … Continue reading
A.M. Look 6/29/12
DE…a close over 78 puts in an ORH week CVX…104.65 for an ORH week Oil… 80.80-95 is resistance with buy stops above, with 82 ish being the next closing hurdle. Euro..126.20-30 is pivotal. CAD/JPY…put in a double bottom @ 76.60. … Continue reading
A.M. Look 6/28/12
USD/JPY…79.22 ( app 126.40 Futures) will be the key to the yen crosses this A.M. Euro…only recovery back over 125.25 would show any type of bottoming action. Natgas…sustained price action under 2.74 will lead to profit taking General Comments… GDP … Continue reading
A.M. Look 6/27/12
USD/JPY…As shown on the point & figure is coming into Yen resistance ( App 126.30 ish in the Futures) AUD/JPY…80.15 will be pivotal for general market tone. Maintaining above ( it’s Risk ON). Oil…as previously stated 6/25/12, has a trad-able … Continue reading
SPU | S&P 500 (Pit) Daily chart (Continuation)
Which way will they go… 1318-20 or 1293-87? Equity Indices are hovering around steady to higher on the month. Before this week is over I wouldn’t be surprised to see both. Less is more!!!
A.M. Look 6/25/12
Oil …sustained price action over 81 is needs for a meaningful rally. USD/JPY…has a weekly double bottom in @ 80.63. App ( 12409-16 Futures)….Point & Figure support is app 79.62 USD/JPY ( 125.73 Resistance Futures) EUR/USD….is into Point & Figure … Continue reading
A.M. Look 6/22/12
Spu’s…we’ll look for a rally back to challenge the trend line break out on the point & figure to short into the 30’s USD/JPY…80.45 is overextended the first time up. a retest of 79.80 App 125.25 in the futures is … Continue reading
SSO | Closing Trade Alert!
We’re seeing a big dollar rally which is not presently being translated into the buying of high yielding stocks. Sell the SSO @ the market if long.
A.M. Look 6/21/12
Spu’s…1341 then comes the trend line support and fibs @ the 1329-32.75 level drawn from the 1262 low. All new strength over 1358-62 is needed for more upside, Oil…the 78 handle in the oil as shown on the chart is … Continue reading
SSO | Trade Alert!
We’re Buying 50% position in the SSO @ the market with a stop at today’s low.