Tag Archives: Spu/Bonds
Technical and Gap Trading 101
SPU…(H) 1221.50 is the top of the recent pit gap…Levels like these are generally, high percentage directional traps the first time in. You saw the big rebound off the area last night to re-test the reversal close of 1244. Then … Continue reading
A.M. Look 12/8/11
Today will be an event driven trade with the BOE & the ECB rate decisions, notwithstanding all the expected rumors that will be coming out all day. Pick your spots and take your money, I’m sure you’ll get a couple of … Continue reading
Pattern Alert…Italian Bond…Spu’s
Italian Bond…96.86 is a key level. It’s attempting an outside reversal day to the downside, which would put this instrument into serious re-trace mode. This has big ramifications for Long the Italian/ Short Bunds.. The spread is flipping. Intervention has … Continue reading
A.M. Look 12/7/11
I have nothing new to add to comments over the past several days. Markets get far more interesting to me the end of next week into the beginning of the 19th. Until then try not to get run over with … Continue reading
A.M. Look 12/6/11
Right now everyone is looking for something to do. The best course of action for the longer time frame trader is to keep your powder dry and remain in cash. Short term guys, do what you do best, pick your … Continue reading
A.M. Look 12/5/11
The board has been mildly Risk on since the Asian opening last night. Europe didn’t disintegrate over the weekend. The world seems to be in wait and see mode, waiting for a clear signal that we can get through the … Continue reading
End of Day
SPU/BONDS…are running the show with the 30 yr attempting an outside reversal higher day. Keep it on your radar. This type of close will not be price positive the equities or Risk assets in general. The currencies have been leading … Continue reading
SPU…Pit…Price Action
Classic charting, an opening above yesterday’s pit high 1251, would show a 3rd gap up. Often times, this can be a harbinger of directional exhaustion. So 1251 becomes a key driver the rest of the day. You’ve already had an … Continue reading
A.M. Look 12/2/11
It’s good news week. It will be a price action trade for those playing. SPU…1251 will need to hold the first break “during the Pit Session” and then stay above to maintain strength throughout the day. 1262-66 shows early resistance. … Continue reading