Tag Archives: USD/CAD

A.M.Look 6/27/11

Posted on 06/27/2011

There is a huge end game setting up for the end of the qtr. ( Thursday’s close). Last night’s lows in the equity indices are key levels to watch if the indices are to hold. We will be in wait … Continue reading →

Price Action

Posted on 05/16/2011

EUR/CHF needs under 125.10 for more Euro weakness. Selling Euro,GBP, Aussie or Canada on weakness can  prove hazardous to your equity. The Pounds,Canada,Aussie and EUR/CHF have all held for now. Today’s early A.M. lows matching Fridays lows are holding  at … Continue reading →

A.M. Look 5/16/11

Posted on 05/16/2011

S&P…there are only 2 levels of significance: 1321 unchanged on the Quarter and 1290 which is the # we need to close below for an outside reversal month. Closing below these levels and there will be a lot more downside … Continue reading →

Pre Unemployment Patterns…Risk Off

Posted on 05/05/2011

These levels do not change so please keep them. I will not re-visit these in the a.m. The crude just gave back 50% @ 99.40 of this years move and still going. I’ll start looking another 4 dollars lower for … Continue reading →

USD/CAD…GOLD…USD/BRL

Posted on 04/27/2011

95.64 USD/CAD…a close over this level in USD/CAD ( under 104.43 futures “CAM”) will put in an outside reversal day. Gold..a close below 1495 today would put in an outside reversal day to the downside after making new all time … Continue reading →

A.M. Look 4/15/11

Posted on 04/15/2011

Yesterday we bought DIG,OXY, and GDXJ ( Junior Miners). Later today we will write some OCO orders ( One cancels the other) in these instruments. One side will be a stop the other a profit level. The big macro levels … Continue reading →

A.M. Look 4/8/11

Posted on 04/08/2011

I am sure the mid-week shuffle twisted a lot of heads yesterday. The 30 yr Bond short was the cheapest way to be long the stocks.  Long Spu/Short bonds anyone? The stock trade still has massive sector rotation, meaning it all comes down … Continue reading →

USD/CAD…Pattern Alert

Posted on 04/01/2011

96.66 cash App 103.40 futures is double top territory on a qtrly chart. This is not a level to be buying Canada strength the first time up. Let it play out and keep your eye on CAD/JPY.

A.M. Look 3/22/11

Posted on 03/22/2011

Nothing is doing in the markets except for the Dollar getting beaten up again. This theme should maintain until month end. 101.60-70 AUD/USD will be a big closing pivot. You can sell against this level to see if you get … Continue reading →

Meltdown?

Posted on 03/16/2011

Short term traders should be aware the big zones and the matches based off the (H) 30 yr. Bonds for reactions in the SPU/BOND spread. The march bonds could get to just over 126 on a panic and complete the … Continue reading →