Leaders Update with Charts

Below are the leaders we follow.  The levels we wanted to hold this morning (whether support or resistance) for an equities reversal have been exceeded slightly, especially in the EuroYen as the risk trade unwinds, though the close today remains and we are still within error tolerances deemed acceptable for government work.  If the respective trends continue, we’ll watch for the EuroYen to find support at the 61.8% retracement (magenta horizontal line), the US Dollar Idx at the 77.00 level (top of yellow trend channel) and 30 Year yields to find support at the 20 and 50 day moving averages, which are about to cross.

leaders 10-28-09

2 Responses to

  1. Tweets that mention Leaders Update with Charts | The Precision Report -- Topsy.com

    on October 28 2009 at 14:42:51

    [...] This post was mentioned on Twitter by Bob English, Jennifer Titilah. Jennifer Titilah said: RT @Bob_English: New blog post: Leaders Update with Charts http://bit.ly/fCjuY Yellow brick road thanx [...]

  2. Pre-open eMini S&P 500 Morning Report | The Precision Report

    on October 29 2009 at 08:52:05

    [...] Analysis:  Overnight, the EuroYen tumbled more, to near its 61.8% key support that we updated on yesterday.  Gold advanced overnight after hitting the bottom of its trend channel yesterday, the US Dollar [...]

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