Tag Archives: ycs
8/8/11
The S&P retested Friday’s low early last night putting in a double bottom pattern on the point & figure charts. If this area is violated we will start moving in roughly 20 point increments, possibly as low as the mid … Continue reading
A.M. Look 8/5/11
Gold & Silver…yesterday’s lows were great in both. Now we have to see if we hold those lows on the unemployment #( which have typically been the lows for the rest of the month). Moreover, the gold needs to close … Continue reading
A.M. Look 8/4/11
I wrote the Bulk last night…. Obviously ETF Traders were hamstrung until this a.m. S&P 500…Today we’ll look for price rejection in the mid 1270’s the first time up. The pit 200 day is app 1283. A lot of good … Continue reading
YCS…FXC
Currently we are short the Yen via ( Long YCS ETF) We will spread this up by buying the FXC ( Long Canadian Dollar ETF)@ the Mkt. “Currently trading around 103.20”
YCS…Short Yen Futures…Long USD/JPY
ETF guys can nibble going long YCS with a 30 cent stop. It’s currently trading around 13.86..The stop is below 13.50 intra day. Pro-Traders…timing and trade location are as previously discussed.
USD/JPY…YCS
USD/JPY is 40 pips either side of the middle of nowhere in the grand scheme of things. Last months close was 82.03. The yearly close was 81.16. We’re right in the middle and have been nursing a long dollar/ short … Continue reading
USD/JPY…YCS…YEN
We’re going to add to Long USD/JPY… short Yen “Long YCS” position @ the market. We’re putting on another 20%.
Yen…USD/JPY…YCS
We’re adding another piece to the long YCS on the close today, however in an effort to not totally screw up our average, only add another 25%. We think it prudent to leave room for one more wiggle back to … Continue reading
Daily observation
Eur/Jpy…Eur/Chf are positive on the day ( choose your resistance wisely in the Euro) FXI..has held a big level on the downside.. Both Gold and Silver have held support for now. We will be looking to add to our long … Continue reading
A.M. Look 1/20/11
Bonds..They act like whale duty floating at the bottom of the Ocean. Until they close higher on the year stay the course. We’ve had enough positive scalps here that we’ll close our eyes and let the market take us out. … Continue reading