Nasd 100…2715-20 now becomes the key hold level and near term pivot. Spu’s…the resting stops are below 1425. They elected them last night…now all new strength over 1437 will run out all the shorts. Euro…128.22 is the 200 day mvg … Continue reading
Nasd 100…2715-20 now becomes the key hold level and near term pivot. Spu’s…the resting stops are below 1425. EUR/AUD…we don’t expect to see much below 125.33. Euro…128.22 is the 200 day mvg avg. This is a better buy level than … Continue reading
EXCO…XCO…has a potential weekly double top in place. Investors that are long should raise their stops to breakeven, or take the money.
Nasd 100…2765-68 is first support. 2740 ish is the next significant level. USD/JPY…77.65 app 128.80 futures is resistance in the Yen. EUR/JPY…all new price action under 100.90 will be needed for more Yen strength and Euro weakness. Euro…needs all new … Continue reading
Nasd 100…2765-68 is first support. USD/JPY…77.65 app 128.80 futures is resistance in the Yen. EUR/JPY…all new price action under 100.90 will be needed for more Yen strength and Euro weakness. Euro…needs all new closing weakness under 129.25 for a run … Continue reading
30 yr. Bonds…148.13 is the initial Point & Figure support. 147.18-24 is the the next level. Spu’s…our macro closing level of 1462 has not changed. This is the closing upside pivot that will lead to a test of the 1500 … Continue reading
Bunds…140.96-141.01 is support. 142.31 is resistance. Were watching these levels for clues as to direction off the DAX/BUND spread. Copper…maintaining over 377 keeps a positive tone with 382 ish being near term resistance. General Comments… The Equity Indices are still … Continue reading
This is a good spot to pay for our last buys in the 7.50’s. We know it’s breaking out on the yearly chart to the upside, however we trade to make money.