Tag Archives: Spu/Bonds
A.M. Look 11/23/11
SPU’s..1171-1166 is a significant level. Generally areas like this are directional ( Bear) traps the first time into the zone. However closing below a level like this is quite Bearish. 1153 is the next Fib level. There is a very … Continue reading
Spu’s
Today’s End Game…. A close over 1197.30 @ 3:15 Pit session “Chicago”… This would put in a daily outside reversal pattern to the upside, trapping all the Bears again. The pattern foreshadows a “Risk ON” signal …possibly, with follow through … Continue reading
A.M. Look 11/22/11
Dealers choice…The board is shaping up to be a back and forth day trade. Trade what you see, pay attention to your time frames and take your money. Model Trading Portfolio…Current Holdings No positions Our view is that the rest … Continue reading
A.M. Look 11/18/11
Euro…It’s caught between 135.50 and 134 ish. A momentum close is needed either way, above or below, for a short term signal. Oil…100 is short term resistance. If the board goes Risk Off again. 94.50 could be revisited. Gold…we’ll need … Continue reading
Risk On Looks Dead
Time to take what we have in any Risk On trades. We are closing out All long positions including Gold and going to cash. The Bonds are still ok, but this is just one more instrument that is a much better day … Continue reading
A.M. Look 11/17/11
I’m feeling like I’m in a bad B movie, and Boris Karloff has strapped me to the rack in his torture chamber. OIL…Needs all new strength over last nights high or under 101.50 for weakness. Gold…We’re standing pat for our … Continue reading
A.M. Look 11/16/11
EURO…135.50-80 on top…133.90-134.14 below( natural support) which is last years close matching Fib support ( half way back from the June 2010 low). Once closing under the yearly close, 132.50 seems the next area to test. This simply means to … Continue reading
On the menu for Today
Jeffrey Lacker Speaks ….11:15 AM ET Richard Fisher Speaks…12:30 PM ET There are still two more speakers to go today.. I would expect nothing but market positive statements to continue! Day traders looking to fade the tape today, for a … Continue reading
GOLD…Stops
The point & figure charts show the Gold needs all new strength over 1787-89 to start another leg up. This pattern does not preclude the possibility of another trip to the low 1760’s. We’ll raise out 1747 stop close to 1760 … Continue reading