Friday Morning Briefing
Friday 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.
After yesterday’s surprise spiker higher the EUR/USD is still clinging to its 100-hour but may just fall away today. However, if it manages to crawl back above the 100-hour I’ll be long with a stop below the NLBL at 1.237. Short positions are possible here but it’s possible that we’ll just gyrate around directionless for a while, so I’ll give that one a miss.
Bonds – the 30-year is done re-testing the 100-hour (well, barely) and on a push above the NLBL I’ll throw 1/2 R to the bond market wolves. Stop below 141’20.
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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.
Cheers,
