Utilization Note… We try to write levels in instruments that we feel are germane to the capitol flow of the entire board. In other words, a particular number or level which we feel will effect a wide array of asset … Continue reading
We’re back at the extremes of Wed.: AUD/USD ( 102.80-103) … “the upside pivot.” Low 138’s in the 30 yr… near term support Euro.. a potential double top @ 138.30-40. Closing above the cash levels in the Aussie and Euro … Continue reading
The average entry ( Buy…Go Long Brazil) was app 56.60.. Many got in around 56.20 when the trade recommendation went out. The original stop was 55.40 intra-day… Raise your stop level to your “entry level” on a “closing basis.” If … Continue reading
84 looks to be a big pivot on this chart going into the EIA Petroleum report at 11 EST. Every trade is the same trade….weakness here should translate into further weakness in the equity indices. Watch for market tone…
We finally got a pullback in the equities, which is necessary for more upside. Instruments rarely go in a straight line with out some sort of relief. Now the question becomes, “is this enough of a correction or are will … Continue reading
The long S&P short Bond spread ( SPU/BOND) is tired on the daily charts . AAPL has put in a good high for today. AAPL looks to want to re-trace to 388.50. If AAPL starts lower after 2:30 central, you … Continue reading
The Bear argument… Have you just seen the highs for the rest of the week in the SPU? confirmed by the rejection off the lows in the 30 Yr. along with the match off the 1/2 retrace in the Euro … Continue reading
Welcome to this months episode of Full Moon Trading,coupled with the mid week shuffle. 1204 S&P 500 is a big closing level on my work with macro stops presently resting over 1214.50. Closing above this level is Bullish Equities.. Euro…138.40 … Continue reading
Currency land…The Pound and Euro just hit macro resistance. This has been a big run up out of the gate last night, straight up. The current highs ,will need all new closing strength over these levels to start another leg … Continue reading