A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$CL_F (US Oil) 9.20.2013
Read MoreOil’s bounce in wave B has completed at 109 thus we expect prices to trade lower to complete a cycle from 112.25 high. Expect a pull back toward 107.21 – 107.63 and more downside toward 102.70 area. Hourly cycles remain negative and hence we don’t like buying Oil at current levels. If you would like […]
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$TNX: 10Y yields (9.19.2013)
Read MoreYields are trading lower in wave C of ( 4 ) and need 3 swings lower from wave B high so after a pull back expect more weakness toward 2.56% to complete wave ( 4 ) before yields turn higher again. Hourly cycles remain positive so we don’t like selling the yields. Strategy remains to […]
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$EURUSD breaks 1.3453 peak
Read MorePair found strong support in EWF buy zone of 1.3020 – 1.3102 and has never looked back since. Most of the members were able to get good positions and some of them are still holding those longs. Against the majority, we treated 5 wave decline from 1.3453 – 1.3102 as part of a FLAT correction […]
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$CL_F (9.18.2013)
Read MoreA cycle from 109.16 is over and some further strength toward 107.39 – 107.81 would be expected to complete wave ( b ) before Oil turns lower toward 102.60. Hourly cycles remain negative and hence we don’t like buying in proposed wave ( b ). Hourly trend line (110.70 – 109.16) is @ 107.80 […]