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Tuesday, December 4, 2012
Tuesday, November 27, 2012
Forex Outlook
EURUSD
Short bias under 1.29264
GBPUSD
Short bias under 1.60067
USDCHF
Long bias over .93160
AUDUSD
Short bias under 1.04341
Short bias under 1.29264
GBPUSD
Short bias under 1.60067
USDCHF
Long bias over .93160
AUDUSD
Short bias under 1.04341
United States Oil Fund USO
USO short under $31. Target 29.50. Wish I got in this one after the hammer formed 11/19
Amazon AMZN
Amazon's 237 resistance was broken last Friday. Today AMZN post a doji, signaling indecision. Look to the prior resistance are to turn support around 234-237. Target 250 for next resistance,
Another good short entry point S&P 500
Looks like the past support is turning into resistance around the 141.00 level of the SPY SPDR. Price is being rejected by the 50 EMA as well at 141. Short, target 135.
Monday, November 26, 2012
Flagstar Bancorp Inc. FBC
Flagstar has been on a tear since it's reverse split. They finally turned a profit 2nd quarter of 2012, and reported profit again in 3Q. Looking exhausted on weekly, could fall back to EMA's around 12.50, opening up a good entry point. Over 20 continued upside. Very bullish
Over 17 continued upside on daily.
Aegion Corp AEGN
Aegion has had a great run since October 2011. Recently price respected the weekly trend line around 17.90.
Looking at over 20 for a further upside push. Target 22.
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