Monday, October 31, 2011
Gold
If gold can hold 1700, should be a nice trade for a retest of 1754. See chart for support and swing high price. Hope this helps
Ten Year US treasury notes
Nice low risk trade with high return potential. See chart for entry, target and stop. Hope this helps
Japanese Yen
This is the problem when the government intervenes. Another reason why it's difficult to hold anything over night.
http://www.bloomberg.com/news/2011-10-31/japanese-companies-question-long-term-effect-of-yen-intervention.html
http://www.bloomberg.com/news/2011-10-31/japanese-companies-question-long-term-effect-of-yen-intervention.html
Friday, October 28, 2011
Monday, October 24, 2011
Gold futures & S&P futures
It has been a long time since I can remember gold acting like an equity. I've highlighted how price action moved in the past vs the S&P. Now they're dancing together. If this continues, I may have to short gold at the same time I get short the S&P. Stay tuned. Hop this helps
Wheat futures +3
Long setup - see chart for entry, stop & target. Hope this helps
Long @ 634.50
Stop @ 630
Target 648.75
Stopped out @ 637.50 +3
Long @ 634.50
Stop @ 630
Target 648.75
Stopped out @ 637.50 +3
S&P futures
I posted this chart a few weeks ago and now price reached the 61.8 Fibonacci,if price can hold above the 61.8, price should test 1277. Hope this helps
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