Oil…94.56-80 is resistance. 95.25 ish is next. Only a couple of closes over this level will confirm more up.
Aussie Futures…105.33-44 is resistance with this being a pivotal level for more upside.
AUD/USD…105.87 was the Dec. high. We need to see closing strength over this level to entertain a swing up in prices.
Equity Indices…the levels haven’t changed.
Euro…has been dancing between the same levels for 2 weeks.
Silver…by sustaining over 30.60 this can rally to 31.20 next.
SPU/BONDS…1462 has been our closing level for 4 months in the S&P 500. A few points either side of 144.20 in the 30 is the focal point this instrument. Use these levels to determine how the spread will trade. They are both significant #’s that can flip the spread.
General Comments…
Those investors that bought XLV ( Healthcare)…The 40.95 stop is still good. Pay for your trades on strength.
Model Trading Portfolio……………..
Stop Close Profit Points
Long ANR 9.40 11+/ 12.30
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.