There is not much to say this a.m.except we’ll use the stops listed last night for our SPU/BOND spread as intraday #’s. The Euro, Aussie,and AUD/JPY are flirting either side of unchanged on the week, and as of now, seem to be a … Continue reading
For day-traders it will be another opportunity filled day ( pick your poison and your level wisely). Yesterday we bought the 30 year bonds with a 6 tick stop which we thought at the time was the lowest risk side … Continue reading
The big game in town this week continues to be the shorting of the Euro against the metals and the commodity currencies. Day traders should pay particular attention to this SPREAD as legs get lifted at technical levels.(the metals being … Continue reading
So much for SINKO DE MARKETS DAY… We typically get a low for the rest of the month in the precious metals. Pattern alert GLD ( ETF)…this puts in an outside reversal lower week with a close below 145.45. We … Continue reading
Many of you shorted the 30 Yr. right in here. 119.02-14 in the futures. TBT trades were purchased anywhere from 37.75-38.25. The TBT stop we will use is a 37.80 stop close only. The spreads are running the show…short equities/long … Continue reading
Let’s be patient and wait this out for a while.. The Bonds have to close below 119.22 on the 30 yr. and the Nasd and QQQ need to confirm the up with the closes mentioned this a.m. In short the … Continue reading
Spu/bonds are still going after the rejection of the old continuation double top in the Bonds of 122.08 from earlier in the year ” This was the # that the March contract took 2 months toget over. It’s has proved … Continue reading
I must admit when I went to sleep last night that I thought you’d see a little more follow through in the SPU/BOND spread into today ( More weakness in the stocks and strength in the 30 Yr.). The Spu … Continue reading