kilo1romeo

kilo1romeo

Taking a little off the top at the psychological level of $100 with excess supply, lo demand, distribution & pro active selling signals. High average trade size today indicates trading desks were active. I didn't check LOW yet as it is not a holding. Just managing risk and will use an option strategy also. Targets noted. This may play out in January. Time to...

kilo1romeo

This week saw consolidation and breakout into an ascending channel with solid demand signalled on Nov 6 and Nov 12. Still headwinds and resistance. This is Gold priced in US Dollars. Since DX is churning sideways and basket currencies finding their footing, gold caught a bid. 2015 may very well see DX climb through supply (resistance) This would put more pressure...

kilo1romeo

Deere gapped down this morning probing for stops. My guess, not too many want to sell the shakeout. I believe Deere is headed higher. Former support is acting as resistance at $88.82 (calculated & plotted on 2013.12.19). Sell orders were sitting just above as noted on Monday after the Agriculture Crop reports from USDA.

kilo1romeo

Probe higher today led to selling as other basket currencies found support and bidders.

kilo1romeo

Again another long term holding with strong tailwinds. Just trimming off 1/3 position in a trade around a core position. #1 Short term excess supply signal, L5 cyclical Resistance and further distribution indicate a pull back may be likely. This will probably happen after a push to the psychological level of $100.

kilo1romeo

Trailing stop just under yesterday's low of 1/3 position based on #1 short term supply signal. This is a trade around with a long term holding. #2 & #3 excess demand signals indicates strong tailwind at this time. See dialog box for description of price bars, super/sub-scripts and cyclical support/resistance plots. Please be constructive in your comments. I...

kilo1romeo

Holding up so far. 2014.11.06 #2 Excess Demand signal calculated. Tentative so far. $113.68 support held up. Most likely target is $123.33 L9 Cyclical Support. Much depends on DX DXY US Dollar and CL Crude futures.

kilo1romeo

Too many "Professional Gap Ups" along the way. These gaps were sold into hard. Selling without dropping the underlying equities or etf. Waiting for "#1 Short Term excess supply" signal. Looks more like a pull back with "#3 Excess Demand" signal still active. This is my opinion based on the evidence shown.

kilo1romeo

US Dollar showing signs of distribution as evidenced by accumulation in E6 Euro, J6 Yen and A6 Australian Dollar. #1 Short term excess supply signal has been flashing on/off today signalling a high probability of more selling. Note: no new cyclical support or resistance levels have calculated and printed at this time. This distribution will most likely take a...

kilo1romeo

Accumulation. Near term swing low is within sight. $DX_F DXY US Dollar is encountering supply from $88 - 92 at the same time. $J6_F $USDJPY Japanese Yen is near support. All the major currencies are displaying a near term change in trend. More confirmation needed. Seeing early signs.

kilo1romeo

Yen approaching support from 2007. Short covering and accumulation taking place. DX US Dollar shows corresponding distribution.

kilo1romeo

After accumulation, DE Deere is in a supply absorption phase just under prior support (now resistance). I eventually forecast a target of $93.22. Only minor distribution signal today. If a pull back happens, I'll add. Currently long from $81.35.

kilo1romeo

J6 Japanese Yen futures... neutral currently then long/bullish at $0.856. This represents support from 2007 and corresponds to resistance in DX DXY US Dollar Index.

kilo1romeo

Long term resistance (not shown) 2008/9 minor and $88 - 92 June 2005 - April 2006 major supply.

kilo1romeo

Bearish outlook. So far, the target zone corresponding with the 12 month pivot looks likely. By Oct 13th, we will be in the midst of a strong down move or just ready to break down. Looks like the three pushes up this year were sold heavily. Cyclical S/R levels calc on the fly & print automatically. Many times they cync up with classic pivots. I'm not short...