Tag Archives: usd/jpy
A.M. Look 10/3/14
Stocks… SPU’s …need sustained price action back under 1928 to weaken. Everyone is looking at 1954 ish for resistance, however the Point & figure has room for a move as high as 1967, which would definitely screw the most amount … Continue reading
A.M. Look 10/2/14
Stocks… Nasd 100…4016 is resistance. 3948 is weekly support. FB…could go as low as 75.40 and snap back, however a close tomorrow under 75.95 will have this name heading south for as much as a 10% correction. VIX…17.50 is weekly … Continue reading
Midday Missive
The qtrly Equity Index charts are pretty ugly. I’m looking for 1875 +- a few in the Spu’s & 3800 Nasd 100. Closes over 1954 in the Spu is the only thing that will negate the targets. USD/JPY….is trying to … Continue reading
A.M. Look 9/24/14
Stocks… DAX…9560 is today’s 200 DMA. I’ve attached a DAX/BUND daily and weekly chart. This is Long Dax ( German Equities) vs Short Bund (German 10 Yr. Bonds). We’re at an inflection level in the spreads and the outright Dax. … Continue reading
A.M. Look 9/23/14
Stocks… DIG…74.75 is monthly support. 78.31 is resistance and the Monthly ORL #. DAX…by staying below 9730, look for Dax to break in 80-100 point increments. 9560 is today’s 200 DMA. Nasd 100…has to close over 4080 mvg avg resistance … Continue reading
Midday Missive
Euro…after failing @ 129.25, is on it’s way to 127.50. All dollar denominated commodities will remain offered except for the meats. USD/JPY…107.25 (93.20’s Futures) is the level you want to buy dollars and sell Yen, if and when it ever … Continue reading
A.M. Look 9/9/14
Stocks… X…U.S. Steel remains firm above 39. UNH…trend support is 86.70. The first short term tgt is just below 90. Longer term this can go to near 110 as long as there is no close below 86.70. TSLA…remains firm above … Continue reading
A.M. Look 9/8/14
Stocks… SPU’s…need sustained price action under 1885-7 to break anywhere. Bonds … 30 yr. Bonds…range bound. FX… GBP/USD…Sterling is reacting to the Scottish Independence Polls. It put in an ORL week last week. The Yes camp for devolution is gaining … Continue reading
A.M. Look 9/3/14
Stocks… Spu’s…still tgt the low 2020’s Nasd 100…4160 is the next tgt. Bonds … 30 yr. Bonds.. I don’t have an interest in selling the Bonds mid-week after a 2 1/2 point break. FYI…I will be writing and trading off … Continue reading