EUR/JPY…122.36 is first support, once below look for another 2 figures.
AUD/JPY…9500 is first support with minor weekly sell stops 2 @ 95.15. Once below, look for another figure.

EURO…133.15-25 is macro resistance. 130.88 is weekly support
EUR/AUD…128.48 is weekly support.

AUD/USD…102.15-25 is the multi year pivot level! Do not sell weakness into this level.

USD/JPY…macro stops are still just under 92. ( app 108.70 futures)

OIL…94.46 will be pivotal.95.80-9600 is macro resistance. 9300 is support.

General Comments…

The currency crosses confirmed the Topping pattern in the Equity Indices with ORL’s
in the crosses and the Oil yesterday.

Currently the crosses and many of the straight dollars have come into initial support,
meaning a bounce back up to retest the reversal closes can’t be ruled out.

Sell RALLIES ( Not breaks) IN RISK Assets until proven wrong.

Not only did we see ORL days in key Risk indicators yesterday, but they are also working on putting in the same ORL weekly patterns.

Any traders who honored the pattern breakdown in the currency crosses, give it a little time this A.M. to see if it can get under the aforementioned levels.

If not, pay for your trades and be patient. if the pattern is true this should just be the beginning of  a retrace dating back to the July 2012 lows in these instruments.

Model Trading Portfolio……………..
Stop Close                         Profit Points
Long SDS

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.

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.