Biotech has been driving the train all morning with longer term money trying to pick up bargains in the Oil patch. The Greenback is bid giving investors a reason to put those dollars to work in our Equity market. DIG…looks … Continue reading
Natgas…is looking unhealthy. This is attempting an ORL day. What is most bearish about the formation is the sustained price action under the 200 day mvg avg @ 3.656. 3.71 becomes my macro upside pivot. We’re looking for this to … Continue reading
Another big day trading day is setting up. Buy the breaks & Sell the rallies. Two notes of interest this A.M.: The Singapore Dollar, which has been the strongest and most stable currency in the World, has also given up some … Continue reading
The outside reversal week in USD/NOK looks to be a lock. Last week it was the Brazilian Real, UUP, and the Dollar Index The average big standard deviation move in a major currency is usually 8-10 figures. You got that this week … Continue reading
88.25-50 USD/CHF ( app 113.25 Sep Futures) This is 2 year FIB area that represents support for the Swiss and a trouble zone for Dollar bulls the first time in. Euro..Monthly stops should lie @ app 138.37. The first 2 … Continue reading
This is for all investors and Traders.. I am buying a 30% position in the TBT with an intra-day stop just below today’s low. Very long term investors who have been involved,Long the Metals ETF’s, should take your money ( … Continue reading
So far it’s been an opening range trade. Sustaining above this level (low 40’s)…1160.50-1182 is the area that crushes the longs again and will provide Bears with a place to look for reversals and selling opportunity. If we see these … Continue reading