You’ve seen most of the extremes last night in the markets albeit Spu, currencies, Bonds, followed with a commensurate commodity sell off. Remember, pretty much every trade is the same trade. Price action wise I’d expect the spu to try … Continue reading
Just a few observations: The spu’s are caught between 1197-1202 on the downside and need a close above 1224 to get anything going on the upside. Currencies…I do not envision any follow through dollar weakness until after the G20. Politics … Continue reading
Brought to you by your friendly neighborhood Federal Reserve Board at 1 EST I like to put catastrophe orders in way off the market. Today’s levels are brought to you by Charles Nenner. Spu 1185-88 is his key hold momentum level … Continue reading
We’ve seen this Margin movie before over the years. After the 1987 crash the CME margin requirements to protect the clearing members from lunatic runaway speculation left just a handful of guys left trading Spu in the pit..Those guys made a … Continue reading
The levels to watch in the spu have not changed..1118 and 1127.50 on the upside. Price action below yesterday’s low of 1105 ish and the longs will head for the hills. The 30 yr bond level of 126.05-07 will be … Continue reading