Silver…31.22 is the short term resistance.
Gold…1667-70 is daily resistance
30 yr. Bonds…needs above 144.02 for higher.
Spu’s…need to get under 1489.50-90.50 for more downside.
Yen Futures…anything close to 111 will be difficult +- 10 points.
The Yen crosses all look to be in a digestive phase without a clear new signal.
Oil…there are resting buy stops just over 97.
TLT…we know where we’re wrong. Pay for your trades at the level below.
General Comments…
It’s been a long few days remembering a close friend and legend, Barry Lind.
Last night, courtesy of Yra, we had the great pleasure to spend time reminiscing with old friends.
There is always something positive that can come from the worst of tragedy. Reconnecting with old friends
is always a good thing even if it takes the most horrific of circumstances to effect it.
Get by with a little help from our friends….Joe Cocker
Model Trading Portfolio……………..
Stop Close Profit Points
Long Silver 30.50 (H) Puts
Long TLT 17 118.60-70 /
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.Medium Term View…updated qtrlyThese 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.