A close below 145.28 pit….145.24…all session.. Will put in an outside reversal lower day (ORL). This is a price negative pattern!
147 is a potential yearly double top…it will be a pivotal level. Given the general condition of the market…. oversold equities vs. the overbought Bonds.. SPU/Bonds hitting the 200 day last night! Pay very close attention to the game afoot! … Continue reading
USD/BRL… 20270 is the next Dollar resistance level…next are the bigger Fibs @ 20700. NZD/USD…76.20-40 is a pivotal level. Once convincingly through, this should go to 74 for a start. Both of the above are Risk currencies. More Risk Off … Continue reading
Patience…we are getting close in the Spu/Bonds and you do not want to get directionally trapped.. You can see the 200 day which is the green line and the commensurate 50% retrace fibs just below… If you’re short equities, keep … Continue reading
The technical trade continues. Last night brought another rebound from a very oversold condition. Given the way we closed, I think half my clientele were going to check into the local vet for a euthanizeation cocktail, after covering shorts earlier … Continue reading
Crude Oil…. 92.80 is the 50% retrace from the Oct. 2011 low. If you’re short, and we’re not, this is the place to cover. Euro…resting stops reside just below 128.58. 126.20-50 is the next macro level, which is last quarters … Continue reading
2631…Nasd is the closing ORH # Spu’s….1362.70 Pit….1363.75 all session chart. Short term the Spu’s have to maintain over 1361 for higher. Closes over these levels will put in a price positive formation. It is shaping up to be a … Continue reading
We’ve been talking about the importance of 145 in the 30 yr. Bond Futures as a macro pivot. TLT stopped at an interesting level as well. 100.00 AUD/USD “parity” is a natural # which will not be easily penetrated. This … Continue reading
EUR/GBP… there is no significant big swing Fib support until closer to 79. EURO…looking at a 12 year semi-annual chart, 122 is in the cards longer term, via 126.40-60 as long as it remains below 130.70. AUD/USD…following the same swing … Continue reading
We refer you to yesterday’s A.M. Look for the relevant areas. They are macro levels that are static. General Comments… Pay attention to your technical levels and Time Frames today. Pay close attention to the 30 Yr. level of 144.20. … Continue reading