Tag Archives: Spu
A.M. Look 1/24/11
Spu,Gold,& Silver have all probed both sides of the market last night. The Euro is in a near term support zone. It seems way too early to pick a side without further price action. Be patient and let the day … Continue reading
A.M. Look 1/21/11
Euro…We got stopped out of the Euro with a push to a small loss depending on your execution. Long Euro/short everything will continue to be the feature for the rest of the day. Close attention should be paid to these … Continue reading
Spu…Russell…SOX….Aussie
This is the wrong time of day to press direction… The Russell @ 774,Spu 1268, Aussie @ 98.20-50 cash, and the Sox breakdown # of 424 are now the pivots for the entire market. The Bulls will, in all likelihood, … Continue reading
SPU….COPPER
425 is the keno level in the (H) copper to monitor.. The weekly stops are below this level. A close tomorrow below this # and this metal will go into major profit taking mode and will portend more weakness for … Continue reading
Price Action
You’ve got some pretty interesting mid-week extremes going on. The present flows can maintain direction into no man’s land, after London’s close and thru New York’s lunch time. Then we’ll see if the U.S. buys the stocks back up later … Continue reading
A.M. Look 1/14/11
Spu…late yesterday into early Wellington the Spu put in a double top on the point & figure charts @ 1284.25. We are seeing an expected pull back off that formation. 1273.60 is a day session # we expect to see … Continue reading
A.M. Look 1/12/11
The Aussie,Aud/Cad,Euro have all reached their first set of downside tgt’s yesterday or last night. Currency traders should be patient and wait for good re-tracement levels to try the short side again. The market needs a little time to see if the … Continue reading
SPU ….EUR/CHF
You have a possible short term double bottom at 1258 (H) futures. leave your remaining trailing stops on all your long instruments as previously stated. We are NOT putting any more “risk on” trades just yet. The currency lows are … Continue reading
Silver,Gold,OIL,SPU,Aussie
I like the lows we just put in across the board. These are possible capitulation lows for the longs in these instruments for the day session. All contra-trend day trading should be managed against the current lows. Those looking for … Continue reading