
Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. We are, like others waiting for FED and take it from there.
Good Trading
The dates of 31 Jan and 1 Feb are very important days all currency turnaround and it could also prove to be very important for Stocks. Below you will see the status of many currencies and some currency crosses.
02:54 ET, JPY status 1,1,0,1,1 , ST na, LT sell
for JPY numbers are inverted
02:54 ET, GBP status 0,1,0,0,0 ST na, LT sell
02:55 ET, AUD status 0,1,1,1,1 ST buy, LT sell
03:13 ET, EUR status 0,0,1,1,1 ST na, LT sell
03:32 ET, GBPCHF 1,1,0,0,1 ST na,LT na
03:52 ET, SHEKEL/ils 1,1,1,1,1ST sell, LT sell
For ILS numbers are inverted
See updated( Thanks Ivan) ASSET GROUPTATION link, Dollar is showing signs of approaching a local low. The way to read the status of the currencies is that in the short term anything can happen and it is possible that we will witness intraday spike low for a Dollar with corresponding spike high in foreign currencies, but there is a preponderance of signs indicating and imminent upturn in Dollar. Let us remember Dollar lows from Novemeber have not, since, violated. For the stock market this means that As soon as JPY starts going lower stocks will recover. Now that should happen either today on the SPIKE high of JPY or witnin next couple days. It would be nice to see the positive turn in MillionDollarSsystem with that!
So, stay tuned for Attraction Points next couple days and you and I may be able to catch Dollar and/or Stock Market lows at once?
Good Trading
The dates of 31 Jan and 1 Feb are very important days all currency turnaround and it could also prove to be very important for Stocks. Below you will see the status of many currencies and some currency crosses.
02:54 ET, JPY status 1,1,0,1,1 , ST na, LT sell
for JPY numbers are inverted
02:54 ET, GBP status 0,1,0,0,0 ST na, LT sell
02:55 ET, AUD status 0,1,1,1,1 ST buy, LT sell
03:13 ET, EUR status 0,0,1,1,1 ST na, LT sell
03:32 ET, GBPCHF 1,1,0,0,1 ST na,LT na
03:52 ET, SHEKEL/ils 1,1,1,1,1ST sell, LT sell
For ILS numbers are inverted
See updated( Thanks Ivan) ASSET GROUPTATION link, Dollar is showing signs of approaching a local low. The way to read the status of the currencies is that in the short term anything can happen and it is possible that we will witness intraday spike low for a Dollar with corresponding spike high in foreign currencies, but there is a preponderance of signs indicating and imminent upturn in Dollar. Let us remember Dollar lows from Novemeber have not, since, violated. For the stock market this means that As soon as JPY starts going lower stocks will recover. Now that should happen either today on the SPIKE high of JPY or witnin next couple days. It would be nice to see the positive turn in MillionDollarSsystem with that!
So, stay tuned for Attraction Points next couple days and you and I may be able to catch Dollar and/or Stock Market lows at once?
08:37 ET, Net result of ADP payroll and GDB numbers announcment is a bit of an advnce in $USDollar
15 comments:
Boris,
Any thoughts on the USD/CAD pair?
USD has been strong since bottom back in Nov and broke down of the uptrend recently. I have a small position short but was wondering on your thoughts if I should add to it.
Jason
Also, what is your guess on the FED and how their decision will effect the currencies/market? Will another 50 bp cut send the USD through the cellar?
Jason
Dear Boris,
Good morning !! What is 'ST na' for British pound?
Thx,
G.
Also how can 01000 be LT sell for GBP, and 01111 be LT sell for AUD? I am a bit lost with the convention.
Dear Greenie,
You need to read the "statusreading" article on the right.(:-
first 0's there mean SELL WEEKLY highest duration signal. We have monthly as well but do nt publish it
GOod Trading
Dear Greenie
NA means not clear...
GOod Trading
Boris, I just finished my homework that I did not do before.
Still got one question - you mentioned AUD 01111, ST buy. Aren't the last four 1 for sell?
Dear Greenie,
THe only confusion is in JPY, cause the readings are for quotes ( not prices) SO, while 1 for JPY means (SELL) it means buy for everything else ( that is not quoted inverse)
Good Trading
You know why today is important? Not because of Fed meeting, but GDP number is going to be released. Negative GDP growth??
Dear Greenie,
Thanks for reminding us.
By the way that is shown in BLOOMBERG screen below as well.
It is called (ECO - economy)
GOod TRrading
Dear Boris, sounds like the YBR has been abandoned for now ? Daveo
Dear Daveo,
If it is that will be fine with me, but to aassume that YBR will describe day by day forever the market actions is a big presumption...
I do not think though that YBR is abandoned, it had beautifully registered the 25 th as a high and that was great.
If that high high is bettered and than market turns down into early MARCH, YBR would have perfomred byound any anybodies dreams.
Will I bet on it, hell no, cause while I may keep in mind what it says, I have thousand other tools that tell me , if YBR is correct or not in the very short term!?
Good Trading
Boris,
Any thoughts on my 2 posts last night at the top of the page? USD/CAD...market reaction to FED.
Jason
Dear Jason,
Think CAD as AUD,
Just the same comments.
I would not treat it much different from AUD and in short run it looks good, but longer run it does not look so good...
Good Traidng
What just happened in the currencies? USD is running.
Jason
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