Tag Archives: usd/jpy
A.M. Look 4/26/13
Silver…broke out to the upside above 24.35 In early Asian trade on the Point & Figure as shown late yesterday. 25.06 will be sticky the first time up, which just means it’s a better exit level than a place to … Continue reading
A.M. Look 4/22/13
30 yr. Bonds…a close above 148.10 is needed for any attempt higher. 147.12 is Point & Figure support. Spu’s…1563 +- a couple is the qtrly pivot and short-term resistance. Nasd 100…2793 is the near resistance. 2800-10 remains our macro qtrly … Continue reading
A.M. Look 4/19/13
Vix…1820 is weekly resistance. 1542 is the 200 day and should bounce. 1462 is the lowest risk buy zone ( where you can sell the Spu’s the first time down) and make money. Spu’s…buy stops are 1553.50 leading to 1558-62 … Continue reading
A.M. Look 4/16/13
Spu’s…need to maintain over 1556.50, yesterday’s break down level, to reverse up. Spu’s need to go 1548 sellers again and remain offered to achieve the 1530 1st macro support. 30 yr Bonds…147.18-21 will remain pivotal. This instrument still needs closing … Continue reading
Position Update
Oil…we were stopped out on our remaining longs @ 93.20. Sometimes I can be a little tight on the stops, however we still captured an avg. 90 cent gain on the other half of the position. It’s caught between 93-95 … Continue reading
A.M. Look 4/11/13
Oil…needs a close over 95.00 for another leg up. Pattern breakdown starts to occur under 93.50. Look for this to move in 75-80 tick increments. Leave the trailing stop on our remaining longs @ 93.20. AUD/JPY…macro buy stops from 2007 … Continue reading
A.M. Look 4/9/13
Oil…93.80-94.00 is near resistance and the closing hurdle. 94.37 is mvg avg resistance. Bunds…need to sustain under 145.50 and close below 144.85 for more downside. General Comments… We’re seeing some correction in the Yen crosses and the world Bond markets. … Continue reading
Midday Missive
Nasd 100…closing over 2772 will negate Friday’s bearish pattern. Oil…will be the next to catch a bid. Time to start a long position!! Futures Traders…the risk is under today’s low. IYT…The transports have wood. BKX…gives an upside breakout on a … Continue reading
A.M. Look 4/8/13
EUR/JPY…128.60 ish can reject the first time up. As long as this remains over 126 we’re looking for a test of 132 , however 128.60 is our first tgt level from the 123.30 weekly breakout when we said this could … Continue reading