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JPY 94 to Current – probing ALL TIME HIGHS vs USD – monitor JGB for possible backlash. PowerPoint Presentation
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JPY 94 to Current – probing ALL TIME HIGHS vs USD – monitor JGB for possible backlash. - PowerPoint PPT Presentation

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JPY 94 to Current – probing ALL TIME HIGHS vs USD – monitor JGB for possible backlash.
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  1. IWM – 06/10 to Current –150dma–OPENED at 4m Support and tagged first technical target–79/80 remains SUPPORT – any “rational” close BELOW this support will tgt mid 70s – discipline over conviction. EEM – 06/10-150dma-OPENED at 6m support but remains ABOVE 150dma by the barest of margins – range remains 44 to 48 – CRB correction possibly being seen as a “relief” – mkts continue to digest 2009/2010 gains in stride.

  2. Recent history has shown that USD dn made for EQUITY up – that “rule” seems to have been broken – with USD unable to rally during Middle East instability, PIIGS, and now Japan; one has to worry about the read thru should USD decisively break – BE COGNIZANT OF OUTSIDE MARKETS. EUR 31day Intraday – testing 1.40 level which IS SIGNIFICANT on a ST and LT basis – break higher tgts 1.42 and higher – a strong EUR in the face of deteriorating PIIGS is a real question mark on why EUR is strong vs USD. SPX – 31day Intraday – broke below 1295 support – ST downtrend remains intact – 1290 ST resistance - 1310 first significant resistance – Support remains 1275 followed by 1250 – street is long with 1Q11 upon us.

  3. Crisis after recent crisis yet the USD has NOT rallied – With EU and BOJ on the ropes WHY can the USD NOT rally? What are the ramifications of USD losing leader of G3 status? Could the USD continuing to break down be the hard trade? When/Will UST follow the USD? JPY 94 to Current – probing ALL TIME HIGHS vs USD – monitor JGB for possible backlash. DXY 04 to current – continues to test 40m lows – decisive break BELOW 74/75 will target ALL TIME LOWS in USD

  4. VIX – 03/10 to Current – falling wedge evident and currently testing “neckline” which will bring about increased volatility.

  5. RESPECT THE DOWNSIDE – Both Saudi and Nikkei both dropped 10% in DAYS! Discipline over conviction. NKY 09 to Current Saudi 09 to Current