Oil…buy stops are 98.25. With inventories today you could see these elected.
Look for this to move in 80 cent increments.
30 yr….are at the lower end of the recent trading range with the daily ranges close to a point.
Spu/Bond…spread has still shown no cracks in direction which is long Spu/ Short Bonds
General Comments…
Currency crosses are maintaining their directions with the Yen failing to rally anywhere.
The S&P Put spreads we put on yesterday will be taken off shortly after the opening today.
Model Trading Portfolio……………..
Stop Close Profit Points
Long S&P 500 Feb 1510/1500 put spread
Long April BAC 12/13 call spread
Long Silver 30.50 (H) Puts
Long Feb AAPL 550/575 call spread
FYI…Anytime you wish to look up levels, go to the website (Click on Pro Tips…add the instrument you are looking for in the box…)
Everything I’ve written for the Month will appear.
Short Term View…We are using Monday’s closes ( 12/31/12) in everything for our trading bias for the qtr since all trading is bench marked against these closes.Use 1/31/13 closes as your short term pivots in everything.Time frame trading today.
Medium Term View…updated qtrly
These are static levels that do not change.
The Medium Term View will no longer be available in our general archive section until the end of the qtr.