Spu’s…1398-1402 is resistance with 1407-09 being the dream sell level the first time up. Sustaining below yesterday’s Fib match lows will lead to a test of the 200 day. Nasd 100…the monthly bottoms are +- a few @ 2600, which … Continue reading
While we continue to believe that the higher rate environment is nearing, this will not happen with the current Risk off board. This could take a long time and lots of De-leveraging before we see an absolute low in rates. … Continue reading
Gold…needs closing strength over 1727-32 for more upside. Silver…32.13 will be pivotal all day. Spu’s…same levels! Below 1402-1395 close for a downside breakout, above 1434 for the up. 30 yr. Bonds…148 +- a few is the downside pivot. Sustaining above … Continue reading
General Comments… Go vote!!… Model Trading Portfolio…………….. Stop Close Profit Points Long TBT 59.30 69 Long Spu 1455/75 Nov. call spread Profit areas have been hit. Investors should have reduced positions. Small core … Continue reading
Spu’s…singing that same old song since July…”no close below the 1395-1402 level” We need to see a close below this area for another swing down. Sustained price action above 1410 gets the lemmings running the other way. Gold & Silver…have … Continue reading
Today, being Unemployment, will put the metals back into focus. Gold…1662-75 which is around the 200 day is the lowest risk buy zone. This will be a price action trade for Day Traders. The early game will be to see … Continue reading
We’re BUYING the 1455/1475 call spread for $2 dollars In the S&P 500 Futures This gives us a 2 week window for a possible rally. The main reasoning behind this is the 200 day mvg avg in the Spu/Bond spread … Continue reading
Silver…shows a break out on the P&F charts by sustaining over 32.50 ish. General Comments… The technical levels are ostensibly the same. The world Indices are all positive this A.M. We have been unable to close below the 1402-1395 level … Continue reading
We know that many of our friends are without Power or internet on the East Coast, our thoughts and prayers are with you! Spu’s…1426-30 is the lowest risk sell area. As of this writing sustained action back below 1412 will … Continue reading
AUD/USD…buy stops are just over 104.10 USD/JPY…is still dancing around it’s 200 day, while the Yen crosses are not responding as I’d expected. Natgas…3.47 will now act as a big pivot. We are still looking to buy this again closer … Continue reading