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Blog Roll
My Exotics Charts
Friday, February 3, 2012 - 14:43
Raising the Bahr
Friday, February 3, 2012 - 10:24
From one of our traders- always a good short read - you can tell I trained him by the last sentence HA
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$GBPUSD–and NFP?
Friday, February 3, 2012 - 08:01
Currently @ 1.5830 and testing the R6 top. Non Farm Payroll is today so that could move it either way. A breakout north would target the -270 Fibo extension @ 1.5932. A break south targets the trendline @ 1.5786 (we could bounce here) and a breakout there might go to the 1.5744. We are bearish for now.
Only in Texas
Thursday, February 2, 2012 - 17:07
First picture is of the rain falling with bright sunshine 70 degrees outside and puring rain
Second Picture shows that so much rain is falling that it is overflowing the gutter - WOW - tough winter
Click twice to get the full affect on each picture$USDCHF–WEDGE BREAKOUT?
Thursday, February 2, 2012 - 08:04
Currently @ 0.9186 and caught in a wedge. Fed Chairman Bernake speaks today so that could move it either way. A breakout north would target the .618 Fibo @ 0.9292 from the day chart. A breakout south targets the -0.270 Fibo @ 0.9057. We are bearish for now
$AUDUSD–more left?
Wednesday, February 1, 2012 - 08:00
Currently we are @ 1.0700 after breaking the very strong resistance. Looking for the bullish move to continue to resistance @ 1.0760. Immediate target is the -0.270 fib extension @ 1.0729. A failure to continue at the current level here would signal a move to the 0.500 fibo @ 1.0606 . We remain bullish for now.
Info you can use
Tuesday, January 31, 2012 - 15:32
$GBPUSD–more left?
Tuesday, January 31, 2012 - 08:21
Currently we are @ 1.5772 just below the -0.270 Fibo. A sideways move or small pullback is possible here . Looking for the bullish move to the R6 @ 1.5860. A failure to break the -0.270 Fibo here would signal a move to the double top @ 1.5740. We are remain bullish for now.
Weekly Outlook
Monday, January 30, 2012 - 12:28
Quote of the week. “Judge each day not by the harvest you reap but by the seeds you plant.” –Robert Louis Stevenson
Weekly Tip. Spending and value should go hand in hand. Reduce or forego spending money on things that don't bring you much value.
ECONOMY GROWS 2.8% IN Q4
While this is the best GDP reading since Q2 2010, the initial estimate from the Bureau of Economic Analysis still disappointed the markets. Many economists and investors were looking for growth of 3.0% or better. The majority of the growth actually came from increased inventories. Consumer spending rose 2.0% last quarter, with auto sales being the biggest factor. Durable goods orders did see 3.0% growth in December, putting them 45% above the recession low hit in April 2009.1,2,3
DIPS IN NEW & PENDING HOME SALES
The number of signed home sale contracts fell 3.5% in December, according to the National Association of Realtors. Separately, a Census Bureau report showed that new home sales declined 2.2% in December.4,5
MARQUEE SENTIMENT INDEX AT 11-MONTH PEAK
The Thomson Reuters/University of Michigan consumer sentiment index ended January at 75.0. This was way up from December's 69.9 mark, and it beat the 74.1 reading forecast by economists surveyed by Reuters.6,7
PRECIOUS METALS GAIN ALLURE
At Friday's COMEX close, gold was +10.56% YTD, copper +13.18% YTD and silver +21.05% YTD. Crude futures finished last week at $99.56 per barrel on the NYMEX, putting oil merely at +0.74% YTD. (Retail gas prices were +3.67% for the month as of Friday.)2
A STRONG MONTH COMES TO A CLOSE
With just a couple of trading days left, January is shaping up to be the best month for U.S. equities since October (see the YTD numbers below). Across last week, the S&P 500 rose 0.07% to 1,316.33 and the NASDAQ gained 1.07% to 2,816.55; the Dow slipped 0.47% to fall to 12,660.46.1
THIS WEEK: The December consumer spending report comes out Monday. On Tuesday, earnings reports arrive from Amazon.com, Broadcom, ExxonMobil, UPS, Pfizer and Eli Lilly &$45; and we also get the latest S&P/Case-Shiller home price index and the Conference Board's January consumer confidence poll. Wednesday, Q4 results roll in from Qualcomm, Electronic Arts, Aetna and Marathon Oil and the latest ISM manufacturing index appears. Besides new initial claims figures, Thursday brings Q4 results from Unilever, Sony, Deutsche Bank, Merck and Beazer Homes. Friday, the January unemployment report is out along with ISM's service sector index and data on December factory orders; Clorox also issues Q4 results.
$ EURUSD– critical area?
Monday, January 30, 2012 - 07:03
Currently we are @ 1.3116. just below the heart line and on the .786 Fibo. A bounce is possible here back to the 1.3185 resistance. More likely we will see the break here back to the R4 @1.3087 and a break here would signal a move to the .500 Fibo form the day chart and the Up trend wall. We are bearish for now.
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