EUR/JPY…there are resting but stops @ 126.07. 123.89 becomes the weekly hold level on any retrace.
AUD/JPY…shows the same pattern with 99.44-60 being the key hold level.
CAD/JPY…97.00 is resistance and the next closing hurdle for higher.
GBP/JPY…do not fade over 148.
Euro…129.90-130.00 is resistance and the upside closing pivot.
GBP/USD…there are buy stops above 152.50
30 yr. Bonds…The buy stops have been elected over the high of the last unemployment report. 147.20 should reject the first time up. This is the only low risk level to give it a go on the short side. 145.00 +- a few is the other first extreme.
Bunds…there are resting buy stops over 146.17-26. 146.89 is the all time high. The zone in between these 2 number sets will be a no man’s land. Simply put ,if there is going to be a Bull Trap, it will be in this zone.
Oil…has to go 92.20 sellers for lower and 93.80 bid for higher.
closing over 94.00 is positive.
Precious Metals…yesterday’s lows in the Copper,Gold and Platinum are all key hold levels to avoid much deeper
sell offs.
Gold…resistance is at 1575-77
Silver…caution back over 27.10
Spu’s…1544 sellers is needed for a test of the 1528-30 level.
1539 is the weekly ORL #, closing below is negative. This will become an important level late in the day.
Nasd 100…2771-72 is the weekly ORL level here with 2734 being first good yearly retrace.
General Comments…
The stock rotation has been brutal to read. Every instrument should be judged on it’s own.
TM,Honda, Mitsui,Sony, as well as the bulk of the Nikkei with the exception of Canon, all deserve
attention. Toyota 106 has double top potential, however once above looks to have room for another 10%.
The world has been buying the Nikkei and selling the rest of the world since Wed. night.
Selling weakness on a disappointing jobs # is a mission I’ll pass on regardless of what happens.
Pay attention to the Bonds @ 147.20 on a disappointing # for a reaction low in the Equity indices the first time
into the Bond level..Spu/Bonds
Short Term View…
Don’t fight the money printers.
It’s the first days of a new qtr., use the 3/28/13 closes for your short term pivots in everything!
Medium Term View…the qtrly update is out. This update is provided exclusively to current subscribers and will not be posted on our site until mid-June for general review.
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.