British Pound U'09 - EXTENDED

The Sep'09 British Pound jumped higher and is pressing the extreme. Key off the 17008 Inflection Pivot today for an indication of the session tone. Below here the currency is vulnerable to a drop back into a digestive trade down to 16694 on any hard hit. Be patient. This is the low point for any selling if the positive momentum is going to pick back up. A failure here and the aggressive buying takes a break down to 16263.

A trade above 17008 will have the contract in a euphoric state. Respect the bid but accept REVERSAL signals off 17008. 17147 and 17364 are the targets for any new gains today and good points to employ exhaustive sell strategies. 17569 is the upper extreme.

JS

This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.

SP500 Hedge - FAZ and SDS - Timing is Everything

The leveraged short ETFs FAZ and SDS are a tools to manage profit give-back for a net long position in the SP500 or an equity portfolio with a high correlation to the index. These ETFs are timing tools good for a 1-week window event horizon. This week has all the makings of an opportunity to incorporate these tools into your trading plan.

The SP500 has been on a roll and will maintain this posture above the 973.25 Inflection Pivot targeting the 1014.50-1008.50 resistance band. Expectations are for a reaction from this area presenting a buying opportunity in the FAZ and SDS contracts. Have a defined risk plan on what you are willing to pay for this "insurance". If the Sep'09 SP500 futures starts to hold a trade above 1017 its likely the current Bull trend move has the potential to extend up to the 1050 to 1078 zone before it exhausts. This will be another area of opportunity to execute this strategy.

What type of volatility is going to play out this week remains to be seen, however positioning into the employment release on Friday should provide some play . The VIX above 2400 does have the potential for a pop so use this as a guide.

A break under the 973.25 Inflection Pivot will have the SP500 Index vulnerable to a corrective turn targeting the 939.50-937 support band on any set-back. 962 is the confirmation point for any break in momentum. This sell off does have the potential to extend down to 901-896 without altering the underlying positive sentiment. If the Bull run is going to keep pace either of these support areas will prove a base for the next advance and act like a pivot to work any SDS or FAZ position. Only under 892.50 is there a real threat of a sentiment shift in the Index

JS

This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.

USDCAD - Vulnerable

The USDCAD is on edge and threatening. 10886 is the Inflection Pivot keeping the MKT in an aggressive sell posture. Look for FADE and REVERSAL opportunities in the 10886-10855 zone. Things do have the potential to get emotional with 1.0320 the extended target for any new trend move south. Look for immediate support today at 1.0697-1.0687 if things start to unwind. 10766 is the current confirmation breaking point. A rise above 1.0926 negates this opportunity.

JS

This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.

USDJPY - Flip Flop

The USDJPY switched gears bouncing off support and producing a positive corrective signal. This MKT is fighting higher and corrective states can be erratic. For now key off the 9460 Inflection Pivot for an indication of the session tone. Above here the positive signal is in play targeting 9568-9562 on any upside follow through. Be patient. If the rally is going to fizzle it will here. A held breach and the positive momentum can carry as high as 9719-9700 before it exhausts.



- A break under 9460 signals this MKTs intentions of going nowhere. Time to look elsewhere for opportunity as they only thing going on will be lower premiums.


JS


This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.
Posted by John Slazas at 10:16 PM 0 comments
Labels: FOREX: USDJPY

USDJPY - Negtive Signal Needs Confirmation

FOREX - USDJPY


The USDJPY cross produced a negative signal and is flirting with a negative shift. 9482 is the Inflection Pivot keeping the signal in play down to the 9405 support. If the MKT is going to stabilize it will here. A held failure confirms the negative signal targeting 9251 on any downside follow through. Expect a reaction. 9116 is the lower extreme.



If the negative signal is valid the MKT will close lower and at some point in the session take out yesterday's low at 9403. A rise above 9482 puts the signal in question with 9562 the high point for any reversal of fortune. Although a reaction is expected trading at these levels is expected to be erratic with 9719 the high point for any false hope . No follow through is expected.

JS

This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.

GOLD - Losing Luster

The AUG'09 GOLD contract is slipping lower, currently pressing good directional support at 933.8-931.6. If the MKT is going to stabilize it will here for a bounce back up to the 947 Inflection Pivot. If not the negative sentiment is set to overwhelm the MKT targeting 893.1 on any downside shift. Use caution. This break does have the potential to extend to 850.




The 947 Inflection Pivot that will gauge the MKTs tone for the current corrective shift. Below here the contract is hard pressed into support. Above this point the positive momentum will try to re-establish itself, targeting 996.2. A violation of 962.5 is needed to confirm any new push north. Be patient. No follow through is expected.



JS



This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.

SP500 - How we doing?

Each post on Inflection Pivots is a powerful statement of a MKT' behavioral posture. The signals presented show underlying psychological shift in sentiment which will influence the MKT over the coming sessions. On June 22, 2009 the SP500 Index produced a negative corrective signal.

The June 22, 2009 the signal and provided a framework to capitalize on the opportunity. The 931.00 Inflection pivot proved to be the pivotal point providing a rejection down to the 870-862.50 support band for a buy opportunity. This was the low point for the corrective break putting the 1017 target in play.

Although we do not follow each MKT signal post through completion you should continue to track its progress. For now the SP500 remains in an aggressive buy posture above 963, targeting 1017. A held trade under 963 and the contract is vulnerable to a retreat back down to the 931 level.

JS

This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.