GS…by remaining over 139.20 this can seek 149
AAPL..511-515 is resistance with sustained action over 519 needed for higher.
498 is current support.
AGQ…double long Silver has closed two days now over the 200 day.
As long as this closes over 46.88 there is potential, however a close over 47.54 is needed for confirmation of upside potential.
Oil…there is a potential weekly double top @ 94.70. there will be buy stops above.
The uptrend stays intact as long as it remains above 92.75 close.
Euro…is at the top of a 100 point area. All new strength over 134 or weakness under 132.50 is needed for a pattern breakout.
30 yr…seems stalled out. This needs under 145.09 for further weakness.
There should be resting buy stops over yesterdays high of 146.17
We are still looking to sell around 147.07-10 the first time up.
General Comments…
We only wrote about the Yen yesterday because that and the Yen Crosses have been the leading indicator for a Risk On board lately.
Yesterday it needed above 114 in the futures to rally ( Risk Off) and weakened back below 113.20, which meant Risk On to us.
The Equity action will continue to be in the individual names, with the Indices remaining the grinding pigs they’ve been since this rally started the first trading day of the year.
Model Trading Portfolio……………..
Stop Close Profit Points
Long Gold 1674 1715
Long ANR 11+/ 12.3Long EWZ 56.05
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.
