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Asian Open – Fed cuts rates to zero and possible mirror image foldback NYSE Index
Posted on March 15, 2020 2 Comments
here’s last weeks post on the Asian Open and the YEN. level worked pretty well and we rallied pretty much all week. the USD vs YEN should stay below the 108.46 level and/or 109.866. if (the big if) this sell signal works then it ‘should’ put pressure on the equities: even w/ the FED cutting […]
Hot knife thru butter …
Posted on March 12, 2020 Leave a Comment
when I came up w/ the support levels last night I certainly didn’t think we would come down into those levels today. not the least bit BUT we did .. ugh. I watched the levels in between calls as the gap came down into our targeted support zone – actually held for a bit and […]
Targets for support (hope – a strategy)
Posted on March 11, 2020 Leave a Comment
support here or soon “should” be expected …
STOXX – ugh
Posted on March 11, 2020 Leave a Comment
I’ve been following STOXX for a friend overseas and I truly hope that he and his family and friends are OK w/ all this craziness going on …hat tip, friend. here’s the link to the STOXX posts on my site: https://bartscharts.wordpress.com/?s=stoxx net-net, my friend contacted me a couple years ago and asked about European Banks […]
TBT – BUY (?) No, I’m not crazy UPDATE 06/08/2020
Posted on March 8, 2020 1 Comment
06/08/2020 UPDATE: breakout from a long base and inverted head and shoulders and appears to be going back to the neckline for the BUY. the “low” was right inside a tight “buy” zone depicted below. ______________________________________________________________________________________________ yes, I know that even thinking of BUYING TBT in this current market is insane BUT I really don’t […]
03/08/2020 Asian Open Update
Posted on March 8, 2020 Leave a Comment
the USD vs YEN cross rate is a BIG FX pair to monitor for equity strength and weakness. we had a nice ‘nominal’ 1100 point gap down to the open the DOW futures in Asia and a 20 percent drop in crude. rocking and rolling folks … as the night progresses, just watch 102.06-103.20 on […]
Interest Rates … the trend is your friend, till it ends
Posted on February 23, 2020 Leave a Comment
the trend is your friend till it ends …
Intraday BUY ratio = sell equities
Posted on February 12, 2020 Leave a Comment
…using ratio analysis we can support risk on/ risk off strategies. in this case we use the Staples ETF (XLP) versus the NYSE Index
USD vs JPY key level ahead
Posted on February 10, 2020 Leave a Comment
USD vs JPY is a good proxy for volatility and risk on/ risk off – watch the upcoming level closely for a clue