148.14-16 is the daily ORH level. This level will run the next wiggle in the SPU/BOND spread. Today’s low was again the 200 day Mvg avg in the 30 Yr. The failure at resistance in the Oil will contribute to … Continue reading
30 yr. Bonds…a close above 148.10 is needed for any attempt higher. 147.12 is Point & Figure support. Spu’s…1563 +- a couple is the qtrly pivot and short-term resistance. Nasd 100…2793 is the near resistance. 2800-10 remains our macro qtrly … Continue reading
Spu’s…need to maintain over 1556.50, yesterday’s break down level, to reverse up. Spu’s need to go 1548 sellers again and remain offered to achieve the 1530 1st macro support. 30 yr Bonds…147.18-21 will remain pivotal. This instrument still needs closing … Continue reading
Gold…has hit our downside extreme just shy of 1380. Silver…22.65-75 is a 12 year retrace level that can bounce, however the better level to buy Silver is around 21.50. USD/JPY…97.50 is first dollar support ( app 102.45 ish in the … Continue reading
Oil…we were stopped out on our remaining longs @ 93.20. Sometimes I can be a little tight on the stops, however we still captured an avg. 90 cent gain on the other half of the position. It’s caught between 93-95 … Continue reading
SPU…sustained price action below 1557 will signal another about face in the index. SPU/BONDS…are coming back to the 18 day again, which we’ll be monitoring for follow through. 30 yr.Bonds…we’re trading at our first exit zone again of 146.17-20. 146.04 … Continue reading
AUD/USD…101.15 is the next level technical level with stops below. The macro pivot of 102.15-25 does not change. This is the level to sell rallies against to manage risk. EUR/AUD…128.92 is last weeks high and now becomes minor short term … Continue reading
EUR/JPY…there are resting but stops @ 126.07. 123.89 becomes the weekly hold level on any retrace. AUD/JPY…shows the same pattern with 99.44-60 being the key hold level. CAD/JPY…97.00 is resistance and the next closing hurdle for higher. GBP/JPY…do not fade … Continue reading
Time frame trading the rest of the day!!! The Bonds need to sustain over 145.07 or the Spu’s under 1552 to get another signal for more weakness in this spread. We’re standing pat with our S&P 500 Put spread for … Continue reading