EURO/dollar broke its previous resistance level 1.4043 after the G-7 meeting. G-7 intervention to suppress the Yen did not result in a US$ rise last week. Instead it led traders to abandon the dollar and money flowed into other...
Read MoreThe long bond TLT hit our first predicted target in the 94.00+ area. Members who took our swing trade at 91.40 made 3 points. Due to the meltdown in the equity market, money flowed into the bond market for safe parking. But the...
Read MoreFor political and economic reasons the US government can’t allow the price of oil to go too high, at least for the time being. The price paused around top band of uptrend channel to wait for the official decision to open...
Read MoreGold ETF (GLD) made a shakeout move around 135.80 during the intraday trading, but the daily closing price was under 135.80. The buyers with a 134.88 stop loss made their 4 points on our last call. This week GLD needs to...
Read MoreLast week we said the ES might break support around 1275-82.25 and make a continuation low, then bounce back up to retest the breakdown point. That is pretty much what happened. ES bounced from its low and on Friday re-tested...
Read MoreThe S&P 500 cash index (SPX) closed at 1274.25 on Friday, for a net weekly loss of 30.03 points, down about 2.3%. Last week the nuclear crisis in Japan rattled markets all over the world; combined with quadruple witching...
Read MoreEURO/dollar seems to forming a possible H&S pattern. A break under 1.36 line will confirm that H&S pattern and price could drop fast into the 134.50 level, which is the neckline area. If this is the case, the odds will...
Read MoreThe violence in Libya caused oil to surge. But even as the situation worsened into the settlement, the oil price started to fall back. The earthquake in Japan speeded up that retracement, both by pushing Libya off the front...
Read MoreGold ETF (GLD) price made a quadruple high around 140 level. Unfortunately the price could not hold the high level and pulled back down to the low band of the uptrend channel. If this week GLD fails to hold 137 level, price...
Read MoreES broke down the uptrend channel and sped up on the downside. It reached the C target 1282.25-1275 range during overnight trading last Friday, but after the market opened the price traded above the 1286 level all day, which...
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