GBP/USD…qtrly sell stops are 148.70. It’s getting very oversold.
OIL..the upper parameters have not changed.
91.79-92.10 is your qtrly swing #.
Spu’s…need to sustain under 1545 for any lower retrace.
General Comments…
Time Frame Trading…Most instruments are stuck dead in the water.
Bonds tried lower last night and held.
Traders are still pushing on the Sterling, which seems to be the only currency moving vs
the other European pairs.
The bigger market setups take place at the end of the week into next.
Model Trading Portfolio……………..
Stop Close Profit Points
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 2/28/13 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.