The chart clearly shows that the SPU/BOND spread has relieved pressure. This is a primary reason that we advised taking some partial profits in the 30 YR. This should also be a warning to day traders to sell rallies ..not … Continue reading
We’re still looking at a range bound technical picture in the U.S. Indices. Price action under 1300-02 SPU is needed for any downside to materialize. Given tomorrow is month end, we are likely to hang around these levels unless we … Continue reading
The game is Long Equities/Short bonds…SPU/BONDS AAPL needs under 443.75 to break. Even then, we would not look for anything more than a 432 print. IBM & MOO… looking good. Tech and AG… X..U.S. Steel looks good for a trade … Continue reading
AUD/USD…Short term Cash & Futures guys that are involved with this recommendation from yesterday, you’reĀ stopped out if you left the order at break-even. 106.08 ( H Futures) was yesterday’s IMM opening (App 106.70 cash). If you’re still involved, this is … Continue reading
We are starting a long position. The Risk is to a new low today in the 30 Yr. Bond Futures. Trade size is commensurate with the risk you can handle. A close today over 17.05 in the TLT is positive … Continue reading
Utilization…Playing the lotto with Tgt’s…the more the merrier. Early yesterday we were focused on the Equity/Bond spreads both here and in Europe. In the first half hour of NYSE trading we saw tgt levels get hit in the SPU,30 Yr … Continue reading
Now that we’re trading at the SPU tgt level I was looking for in Nov. “1319” area, We’re going to buy a little portfolio insurance against our remaining long exposure. Buy the SDS/ Short the S&P 500 @ the market! … Continue reading
ORH…Outside Reversal Higher…price positive pattern SLB…71.45 BTU…37.55 HAL…36.71..(shows a double top and a double bottom on the weekly…whichever way it breaks out) Euro…128.81 EUR/JPY…98.85 TBT…19.28 ORL…Outside Reversal Lower…price negative pattern 30 yr…. 142.01 Bund…138.43 TLT….117.68 ( this has a weekly … Continue reading
JJG..45.90-42.50 this is the level for long term traders to scale in. GE….16 AAPL…272-254 SLB…74 ish give or take REE…this should have a bounce from 9.50 TBT…34.25-80 is the first good buy zone for longer time horizon traders. TLT…96.25 is … Continue reading
11207 is a 50% re trace of the past 4 years also matching a fib from theĀ 1987 crash. Needless to say I think it’s a significant zone. We are looking to sell the SPU @ 1349 (H) ( Buy the … Continue reading