Intraday Market Thoughts

S&P Tests Key MA, New Premium Trades

by Ashraf Laidi
Dec 5, 2011 17:38

Risk appetite pushes high with S&P500 (cash) testing that all-important 55--week moving average (1264) we often point out to in our presentations/webinars. EURUSD rebounds after Fridays long squeeze. Our Thursday longs in euros were violently stopped out on Friday, despite a decent US jobs report, whose positive impact on risk appetite went unnoticed by the euro. Today, EURUSD and EURJPY are displaying those same technicals shown in last week. See our latest Premium trades with new charts on EURUSD and USDCAD. New trades on EURUSD, EURJPY, USDCAD, AUDNZD, gold & US crude are posted here: Nonmembers click here to join


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