Thursday Morning Briefing
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
The Dollar has had its share of volatility yesterday but crept back toward its 25-hour SMA overnight. I’m short here with a stop above the SMA. Should the unthinkable in the form of a strong bid happen miraculously pushing us above the SMA then I’d take a long position. Yeah, I know – who am I kidding? We are so screwed…
Bonds – the 30-year is also kissing its 25-hour SMA, which as you can see has proven to be impenetrable for the past week. I’m short here with a stop above the falling SMA. Again, should my Earl Gray turn into Glühwein or if I see a push above 148’05 then I’d consider a long position.
Interestingly the 10-year is looking a bit more positive – more below for my intrepid subs:
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This entry was posted on Thursday, December 13th, 2012 at 7:55 am. Both comments and pings are currently closed.