Aussie & S&P 500 are both putting in lower highs on the rallies and higher lows on the breaks. Meaning we aren’t going to stay in this area much longer. Oil is running the show again today. The low of … Continue reading
The markets are trading off the oil high…You have to pick a side of the market to trade from.. The S&P is unchanged on the week. My view is that which ever side you pick the risk is small. A … Continue reading
We’re going to buy OXY at the market with an intra-day stop of 84.60. I like the energy sector.. We’ll also try a long in SSO with an intra-day stop of 43.90 Futures traders…that’s a new low in the SPU. … Continue reading
The levels in the S&P have not changed. 1230 then 1253 is next on top. The Dow is unchanged on the year, the Nasd is up 140 points, with 1253 being last years close in the S&P. The dips in … Continue reading
The entire trade is reacting to levels off the Bonds and the Bund.. Pay attention to your big technical levels for market tells.. Remember… the game has been the spread ” long equities / Short Bond” 135.80 -136 is a … Continue reading
The SPU levels are not unknown. 1215… This # represents 50% of the year. We’re smack dab in the middle of the yearly range. Closing below 1205 +- 2 points is price negative the indices. This is the lowest risk … Continue reading
It looks like reality is setting in on this equity rally. The first chink in the Armour was AUD/JPY last night off the 80.00 level. That completed an 8 figure move off the last lows ( an average standard deviation … Continue reading