We know that many of our friends are without Power or internet on the East Coast, our thoughts and prayers are with you! Spu’s…1426-30 is the lowest risk sell area. As of this writing sustained action back below 1412 will … Continue reading
AUD/USD…buy stops are just over 104.10 USD/JPY…is still dancing around it’s 200 day, while the Yen crosses are not responding as I’d expected. Natgas…3.47 will now act as a big pivot. We are still looking to buy this again closer … Continue reading
We’re Buying 70% our AUD/USD shorts back @ the market. We’ll leave a trailing stop just above today’s high on the remainder. I’m taking the risk off the board to see how things settle out. It’s not showing me any … Continue reading
Spu’s… closing below the 1308-09 level In (M) will be price negative. EUR/JPY…closing below 99.51 will be price negative the cross. Expect a test of the low 98 level for a starter. Copper…32780 is a level that can trap the … Continue reading
Crude Oil…only a recovery and a close over 92.45 is positive. Just below 90 is the next level to potentially trap new shorts. Metals…Platinum and Gold need to hold the lows seen last night to avoid more selling. Platinum is … Continue reading
We’ve seen a contra-trend trade into resistance in the Spu’s,Aussie,Euro, and Yen Crosses as well as the the commensurate re-test lower in the Bunds & 30 Yr. Bonds over the past 2 sessions. Now What? Spu’s..let them be your guide … Continue reading
The Yen crosses told the story yesterday by holding big Fib support. The AUD/JPY,EUR/JPY & CAD/JPY all pretty much tested support at the same time and reversed. So did the OIL and Spu’s. General Caveat!….We’re honing in on a zone … Continue reading
30 Yr. Bonds…140.15 is the print we’ve been looking for when we first bought the bonds in the 136 handle. Now that the entire expected swing has been completed, we will await further price action before deciding our next move. … Continue reading
Welcome to this months episode of Full Moon Trading… Today into tomorrow will be important. Friday, the only ones able to trade the unemployment data will be Futures Traders. Both European & U.S Equity markets will be closed at the … Continue reading
AUD/JPY…has been a good short term barometer of stock strength. 8500 is the 50 day. watch for general market tone. USD/JPY… along with the YEN crosses are doing re traces from the beginning of Feb. , 122 ( M Futures … Continue reading