Friday Briefing Update
We’ve got movement people and I’m feverishly working on my daily post. However, let’s first do a quick revisit of our early morning setups I proposed in the morning briefing:
AAA prime rib entry on the spoos this morning – we are at possible support and I recommend you take partial profits if this is a ST trade for you.
Bonds – I told you guys to watch that Bollinger and as it breached it was your cue to get long. Also time to take ST profits.
No dice on copper – I was expecting a bit of support there (to my defense I myself was skeptical) but my stop got hit almost immediately.
Great entry on USD/CHF and I’ll keep it running for now.
Similar idea on NZD/USD – it could reverse here but I’m going to hold this one into target. My stop is a bit below entry (above the 100-hr SMA) thus I would still get out without a loss.
It’s been a good day so far – but I’m not about to rest on my laurels 😉