Analog Watch: Apr 6, 2015

Our analog is right on track, with USDJPY closing below its 100-day moving average on Friday and again on Sunday.2015-04-06 USDJPY daily SMAsAside from the 2-day delay to accommodate the month and quarter-end numbers, things are playing out as expected.

The eminis are off about 12 points from last Thursday’s close (SPX was closed Friday) and are backtesting the SMA100 after closing below it yesterday.

2015-04-06 ES daily SMAs 0630Today, we’ll find out just how the carry trade-followers react to a strengthening yen. The dollar is falling off as expected.

2015-04-06 DX daily 0630Will CL’s resulting overnight ramp job be enough to prop up the market?

2015-04-06 CL 60 0630EURUSD is doing its part, but is nearing its immediate upside potential.

2015-04-06 EURUSD 60 0630As to SPX, our downside targets from Mar 30 [see: A New Analog, Part II] remain in place.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password