Spooz are trading almost tick for tick with currencies. Reversal in Yen and Euro is now considered positive for stocks. If Dollar stays up and/or rallies more, stocks will be supported.
Denleo
Keep an eye on currencies
Started by
denleo
, Apr 10 2008 11:57 AM
4 replies to this topic
#2
Woody
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Posted 10 April 2008 - 12:12 PM
Spooz are trading almost tick for tick with currencies. Reversal in Yen and Euro is now considered positive for stocks. If Dollar stays up and/or rallies more, stocks will be supported.
Denleo
Good point Dennis, Gold now trading Inverse to Equities, expecting 1460 on Equities and much lower gold.
#3
zigzag
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Posted 10 April 2008 - 12:41 PM
Denleo, thanks for pointing that out. I was watching the yen breakout last night thinking when it backtests things will get interesting.
thanks for posting
respectfully
J
thanks for posting
respectfully
J
Spooz are trading almost tick for tick with currencies. Reversal in Yen and Euro is now considered positive for stocks. If Dollar stays up and/or rallies more, stocks will be supported.
Denleo
#4
bobalou
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Posted 10 April 2008 - 12:48 PM
it's good we have team work
#5
dasein
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Posted 10 April 2008 - 09:51 PM
I reiterated a few weeks back that the relation of EURJPY was the one to watch, but I expected it to break down. It is still holding very well, but I am seeing cracks. I am not sure when i will break down, probably has to do with an unknown saturation point of Treasury pumping, but I still think it bears watching and a plan B.
klh
best,
klh
klh
