Full Moon Trading…
Euro…132.82 is first resistance with 133.15-30 being a key closing level for more upside.
EUR/AUD…128.80 is closing resistance
EUR/GBP…87.70 ish is resistance…sustaining above, look for another figure.
Oil…94.46 is the pivot.
Nasd…sustaining above 2758.25 is price positive.
Spu’s…there should be some small stops above 1522, do not fade the price action above this level.
Gold…1600 is the upside pivot
Silver…(H) options expire today. We’ll see where they mark it.
Copper…is back above the 200 day, however it needs to get something going over 358-360 to rally.
364-365 is better resistance.
Natgas…needed a close under 3.19 for a sell off to materialize.
General Comments…
We tried the chart patterns for lower. It’s not happening.
As long as the equity indices hold the lows of last night, we’ll be looking for
a rally, minimally, into the end of the week.
The currencies and their commensurate crosses have had nice rallies last night into
near term resistance levels.
This looks to continue into Chicago’s Pit opening.
Model Trading Portfolio……………..
Stop Close Profit Points
Long Kold
Long TLT
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., however
new clients will receive a complimentary copy.