30 Yr. Futures…141.03 should be your focal point for the rest of the day! Sustained price action below will have the Equities rallying and the Bonds being sold. Big “Risk On” price action ETF Traders… the TBT does not line … Continue reading
30 Yr. Bonds…could extend to 142.16 and reject. TBT…66.30 ish should line up with the 30 Yr. Futures today for first support. Spu’s…(S&P 500)1642 is the weekly closing level we’ve been watching. Weak below and firm above. EUR/JPY…closing under 130.10 … Continue reading
30 Yr. Bonds…we’re close enough to our tgt area, trading in the 139’s, to consider taking some profits. The mid 139’s should bounce the first time down. We remain in sell the rally mode to anything around 142.07 with a … Continue reading
The Bonds have broken far enough for today and the TBT has rallied to the resistance level we spoke of 5/23/13. There is absolutely nothing I wish to chase in the Equity Indices of single Stocks. The past two days … Continue reading
Spu’s …1628-30 is the first fib. Rally’s into the 50 ‘s the first time up should be sold. Nasd 100…2960 followed…2887 is the best level to look for a bounce.. SPY…a close today below 166.50 would have us looking for … Continue reading
Bunds…German 10 yr. Bond…is coming into weekly support @ 144.24. Sell rallies not breaks. 30 yr. Bonds…need to maintain under 144 for lower. TBT…tried the resistance @ 66 again. That is qtrly resistance and the upside closing pivot. USD/JPY…103 is … Continue reading
AUD/USD….98.35-40 is resistance and the upside pivot. Buy stops for this swing are 98.80. Those short the Aussie should use a break above the aforementioned level as your trailing stop. GDX…28.75-29.20 is resistance. This is the field of broken dreams … Continue reading
Most of the board is directionally challenged. Simply put a lot of instruments have come a long way and prudent players are pairing back risk in some asset classes going into mid week Fed meeting. There has been a lot … Continue reading
XLV…has been a market leader. A close below 48.70 will put much of the board into a defensive posture before this weeks Fed Release. TBT… Sell 50% of your Long TBT @ the market