Monday Morning Briefing
Monday Morning Briefing
We’ve got movement folks! Apparently things are coming into sync across the board and we’ve got a veritable laundry list of setups this morning. Time to get busy.
Here’s the USD/CHF – still looking weak but attempting to paint a floor. Only 1/4R here with a stop below that recent Net-Line Sell Level.
Wheat – boy what a run and it’s now bumping against it’s long time nemesis – the 100-day SMA. I think the right play is to follow those ST Net-Lines but to be short below the lower 25-hour BB.
Bonds are looking primed and ready to rock & roll – five year bond futures retesting the 100-day SMA but I’m taking my cues from the short term panel. Long on a little dip lower with a stop below the lower 25-hour BB.
ZT, the two year bond futures – long here with a stop below that recent spike low.
Quite a bit more below the fold – please meet me in the lair:
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Boy what an avalanche of setups! That ought to keep you guys busy for a while. See you all later this afternoon.
Cheers,
