Tag Archives: USD/CAD
Decision Time… Stocks
So far the S&P and the NASDAQ are hanging in there. We want to have a long position by the close if BOTH the indices close higher on the day today. The expectation is that Europe does something to sort … Continue reading
USD/CAD…Canadian Dollar…FXC
The monthly stops are just below 94.45 USD/CAD ( app 105.76 Futures) Upon a breach of the stops, We are selling 25% of our long FXC position to pay for our stop, which will then be raised accordingly.
A.M. Look 7/19/11
We’d like to thank John Thomas, “The MAD HEDGE FUND TRADER”, for an insightful and entertaining luncheon at his Chicago event, it’s always a pleasure! Lemming Effect Trading…yesterday was more of the same…we sent out the Swiss and EUR/CHF charts … Continue reading
A.M. Look 7/18/11
The fear trade continues…Short Euro/Long Metals.. 1298-1302 S&P 500 futures is still a key technical level. This continues to be a market for short time frame traders, while stocks like AAPL have become the recipient of a seeming flight to … Continue reading
CANADIAN DOLLAR…USD/CAD
ETF traders can buy some FXC before the close today..We’ll honor the chart pattern. The current stop is 102.45, it’s trading at 104.22 Cash or Futures traders might be better served by waiting until Sunday to assess the price action … Continue reading
Canadian Dollar…USD/CAD
A close below 95.58 USD/CAD puts in an outside reversal week in Canada. The commensurate futures price is a close above 104.32 ( pit) 104.37 ( all session). We’ll use 104.37. Closing over this level in the futures ( below in USD/CAD) … Continue reading
Recap..
We have paid for our stops in the equity index futures. If you haven’t already, pay for your stops by the close in the miners. I.E. Sell a portion of your long position, so no matter what happens, you do … Continue reading
A.M. Look 6/30/11
Today is month and Qtr’s end. Expect late day window dressing. Time Frame trading…a whole new game can start after 4 P.M. EST today into tomorrow. Read Yra!…Low rates = the yield chase continues These currency levels are from yesterday,they … Continue reading
Euro…Aussie…Canada
Euro (144 Futures)…matches up with 144.50 cash today. Aussie (105.80 futures)…matches up with 107 AUD/USD Canada (103.25 Futures)…Matches up with 96.80-90 USD/CAD These are big closing pivots in the currencies! Closing through these levels is needed for further upside. The … Continue reading