Pain at the Pump… I am using new highs from the 9 A.M. # ( 1274 SPU) to close out our Long SDS position… 107.90 (AUD/USD) 107.70 H Futures for trailing stops the rest of the day EURO…The low is … Continue reading
This portfolio is about as Risk Off as I get. Time will tell whether the patterns are true, or if we were just subjected to another 1 day wonder. In general, it takes a couple of days to change direction, … Continue reading
The Good news is I haven’t let myself get sucked into selling a break with the Europeans for the past 80 handles in the S&P. The bad news is that I did it today, and I did it Via the … Continue reading
We’ve just seen massive pukes across a lot of asset classes to major Support zones.. The Euro, by remaining under 133.90, looks like the most vulnerable instrument.. We need confirmation late in the day below 1364 in the Spu’s, however … Continue reading
EURO….a close below 133.89 puts in an ORL daily pattern SPU’s..a close below 1364.80 SPH puts in an ORL daily Pattern Gold just hit near term support @ 1720
LTRO was a big yawn… The commodity currencies are leading the crosses this A.M. USD/CAD…a close under 99.06 USD/CAD is needed for an ORL week. ( over 100.90 H Futures). 99.29 USD/CAD ( 100.69 H Futures) is where the 50 … Continue reading
Yen…missed the long -term sell stops in the Futures by 13 ticks @ 123.43,( 81.75 USD/JPY) just after the opening last night. Since the opening hour, the board has been in “Risk Off” profit taking mode. 80.30-40 USD/JPY needs to … Continue reading
116.55 is May 2011 high in Cat. It lost almost 50% of it’s value from that High. This is a big upside closing pivot level. Sustained price action above this level leaves little room for the Plungers ( Short Index … Continue reading