Spu’s…sell stops below 1444. Then the levels are in 10 point increments. Bulls will be looking to buy 1434-25.
Nasd 100…2682 down to the 200 day @ 2667 is the buy zone and the exit zone for any shorts the first time down.
General Comments…
The Equity Indices are churning with a different stock in focus everyday.
The range is clear in the S&P …1444 -1462 with no breakout since the beginning of the year. We still need a couple of closes
over 1462, which have have not seen for 4 months, for more upside.
Be patient and wait for the next signal.
You have your parameters whether you’re a Bull or a Bear.
Precious metals are holding their lower retraces for now but have yet to clearly breakout and close above key mvg avg resistance.
Model Trading Portfolio……………..
Stop Close Profit Points
Long ANR
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.
Medium Term View… updated qtrly
These are static levels that do not change.
The Medium Term View will be included as a courtesy for our clientele in the A.M. Look. It will no longer be available in our archive section until the end of the qtr.