Tag Archives: Yen
A.M. Look 9/10/13
Stocks.. Spu’s…1680.50 is near resistance. 1665 is support. Nasd 100… 3200 should be sticky the first time up. This is just not a level to buy strength. Bonds… Bunds…are very oversold. 30 yr…tgt’s and resistance remain the same. Italian 10 … Continue reading
A.M. Look 9/4/13
FX… AUD/USD…could get as high as 92.30’s. AUD/JPY…92.15 is weekly resistance EUR/AUD…143.11 would be an extreme low today. General Comments or Valuable Insight The Aussie and the commensurate crosses are what’s in play today. EUR/AUD could eventually work … Continue reading
A.M. Look 8/28/13
Stocks.. GS…149.28-148.71 are where the macro sell stops lie with 147 being the 200 day which should bounce on an overrun the first time down. GOOG…847-844 is weekly and monthly support and the macro downside closing pivot. Look for a … Continue reading
Drumbeat of War
When trading becomes emotional and not fundamentally driven, instruments can go a lot farther than you think. Many fundamental traders have been taken out on stretchers to the poor house while mumbling that the markets should not have traded like … Continue reading
A.M. Look 8/27/13
Stocks.. Nasd 100…3085 needs to hold on a closing basis. JJG…49.90 is resistance with all new closing strength needed over 50.20 for more up. Bonds… 30 yr.…132.25 is resistance and should reject the first time up. 133.25-30 is the lowest … Continue reading
A.M. Look 8/22/13
Stocks.. Spu’s…1629-30 is short swing Fib support. Closing under this level will lead to a new dynamic, which we’ll address if we see price action under this level. Sustaining and closing over 1644 would confirm a temporary low, something we’ve … Continue reading
Writing Schedule…Near Term View
I have a serious case of Traders Stare. This is a function of too much time in front of a screen and not enough time thinking about other things. “Head up Butt syndrome”…We all get it sooner of later. You … Continue reading
Futures Traders ( Pros Only!!) BOJ Special….Nikkei & Yen…W/Trade Alert!
Tonight is a BOJ meeting. The headlines will have the Bots on Full Tilt Boogie. 13,500 Nikkei will be the big pivot in the futures. While I can’t imagine Kuroda saying something that would be negative the Japanese Equities, you … Continue reading
A.M. Look 8/7/13
Stocks.. Dax…put in an ORL day yesterday, as well as closing below the 18 day mvg avg. You would expect downside follow through early. Time will tell if the pattern is going to follow through to the downside. EWW…69.50-55 is … Continue reading