Tag Archives: Spu

Day Traders

Posted on 12/14/2011

Sustained price action under 99.40 AUD/USD is negative. This could lead to a test of the 98. AUD/JPY…76.90-76.50 could be in the cards with more selling of Dollar denominated assets and the straight buying of Dollars. Spu’s…every new low can … Continue reading →

A.M. Look 12/14/11

Posted on 12/14/2011

EUR/GBP…This cross looks to be headed for 82. Dollar Index….80.43 is the Oct. high .By maintaining prices over 79.27, this looks to be breaking out on a qtrly chart. Meaning a stronger U.S. Dollar. SPU’s…The March contract still looks like it … Continue reading →

EURO…SPU

Posted on 12/13/2011

130.60 Euro is the 2/3rds fib coming back for the past 2 years..( big level) Only a couple of closes below here will give lower tgt’s. Point & Figure Chart shows new price action under 1228.50 March S&P 500 Futures … Continue reading →

A.M. Look 12/13/11

Posted on 12/13/2011

So far the Spu’s held right where they needed to @ 1221.50 for another bounce. Confirmation of the level was given by the commensurate matching levels in the Aussie, AUD/JPY, EURO and OIL all holding macro support levels yesterday into … Continue reading →

AUD/JPY….Spu’s

Posted on 12/12/2011

78.00 is an important level. Closing below this area is negative Equities. Price action below 78 AUD/JPY shows 77.30 ish as the next significant area. SPU’s…The technical levels have not changed! At this point I would look for a test … Continue reading →

A.M. Look 12/12/11

Posted on 12/12/2011

More of the same, the day trade continues, disappointment with Eurocrats leads to a risk off A.M. London session. Today’s Risk off has manifested itself in Dollar buying vs. equity weakness. The weakness in Gold & Oil looks to be … Continue reading →

Technical and Gap Trading 101

Posted on 12/09/2011

SPU…(H) 1221.50 is the top of the recent pit gap…Levels like these are generally, high percentage directional traps the first time in. You saw the big rebound off the area last night to re-test the reversal close of 1244. Then … Continue reading →

A.M. Look 12/9/11

Posted on 12/09/2011

The big day trade continues. The main features of the market continues to be 2 spreads. The Italian 10 yr (BTP) vs the German 10 yr. (Bund) and of course SPU/Bonds “Long the S&P 500 Futures and short the 30 … Continue reading →

A.M. Look 12/8/11

Posted on 12/08/2011

Today will be an event driven trade with the BOE & the ECB rate decisions, notwithstanding all the expected rumors that will be coming out all day. Pick your spots and take your money, I’m sure you’ll get a couple of … Continue reading →

Pattern Alert…Italian Bond…Spu’s

Posted on 12/07/2011

Italian Bond…96.86 is a key level. It’s attempting an outside reversal day to the downside, which would put this instrument into serious re-trace mode. This has big ramifications for Long the Italian/ Short Bunds.. The spread is flipping. Intervention has … Continue reading →