Oil & Dow Update

The Dow behaves as expected and still within the range. Any attempt to break higher failed. still in line with my previous calls.

Oil trades within the range of low 40's to low 50's. We will keep watching for any breakout.

Oil Update

Oil climbed all the way back from the low 40's and currently trading near 52. If holding above or near 50 we can easily see an upside move of several Hundred points and more.  in this case we will apply our call from February 9.

Dow Update

It didn't take long since our last post on Friday and the Dow behaved as expected. failing to break above 18200 gave the Short sale our model predicted for a nice move of 500 points.
If this levels won't hold as a support level we can expect further move to the downside.

Dow Update

Dow climbed all the way back towards 18200 due to the Fed's Chair comments. if it fails to break the resistance level of 18200-18400, this will send us back for another short sale.

GBP/USD - British Pound vs US Dollar

Currently at 1.4725. If holding below 1.50 we can expect additional 500 points and more to the downside. Some support maybe around 1.45.

Oil Update

On Feb 9 when Oil was above 52 I predicted additional move towards the mid 40's before we can consider a support level. WTI Oil Contract made a nice move of nearly 1000 points to the downside now below 43. I will continue watching for any developments.

DOW Update

As posted on February 9, I expected the Dow to move back up to 18200 where we can enter into a short position. that opportunity came in few days ago and we are now close to 600 points in our favor at the 17600 level.

EUR/USD Update

As I predicted EUR/USD kept moving lower and reached today below 1.0540 which is 800 points from our entry at 1.1340 posted on February 9.  An impressive trade over one month only.

EUR/USD Update

Today we reached our initial profit target at 1.0840 which is 500 points from our entry at 1.1340 posted on February 9.