Recent content by Cswim63

Then again the markets are going to wake up to bad news, so it may be better to stand aside till things settle.

Euro selling seems to have stalled out again at 109.95. 110.50 a big target now.

Risk off isnt working, when all signs point one way then it stalls out it's often a setup for a move in the opposite direction.

Oil cant keep a bid despite obvious security threat, usdjpy sold off hard, not sure what's holding equities up at this point. Sp down only slightly at this point.

Watching gold it has a big head and shoulder on the daily and looks like its hit resistance at 1520 but I dont think I'd want to trade it short here despite Usd strength.

Whoa. . .

Euro has broken a large triangle on the, say, 4 hr chart. Then retraced a bit. So you have a pretty clear A-B setup. Backdrop is the Aussie very weak, and problems in the bond market, As well as the usual trade problems and a few missiles being launched here and there. Seems a pretty bullish...

Wow, I think we might agree on something. Haha. Aussie has looked stronger, btw. Probably all the lesser currencies will rally first. Saw some news about purchase of Us grains, it seems theres stuff moving behind the scenes.

1.1050 key area Euro usd. That looks like a successful retest of the recent lows. Usd now on the defensive, equities really strong and climbing a wall of worry.

Pretty weak rally against Usd so far.

Momentum has shifted back to bearish Usd. Not really what you would call a trending market yet. Watching usdcad especially, seems to be holding below 1.31. Equities supportive as well, seem to be riding that proverbial wall of worry. Dont think I'd want to be in bonds right now. Seems like a...

I mean the momentum has shifted away from the Usd. I dont include Usdjpy, as I dont see the correlation. In the past few months the momentum has shifted only briefly, then come back to Usd strength. So you have a setup here to trap Usd bulls. Us economy is weakening for sure, so it appears...

I believe the situation at hand is you have the herd conditioned to buy Usd on pullbacks. They will pounce on any weakness in the majors and try to sell it. The momentum has shifted, only question is how long it lasts.

Multiple failures .6930 area AussieUsd.

Dollar long trade is also a very very crowded trade, per Chicago IMM figures.