Oil…May (K) expires Monday, June (M) will be come the new front month.
The June’s are trading app 30 cents over the May.

AUD/JPY…needs a close under 99.85 for Risk Off and over 102.10 for Risk On.

General Comments or Valuable Insight

Oil put in new lows for this move and reversed the same time Gold filled out it’s
long term Point & Figure chart last night, bouyed by domestic Chinese and Indian buyers,
for a straight up 60 dollar rally back to resistance.

It’s a 24 hour world and we’re seeing instruments going from one extreme to another in 12 hour periods.

You should be looking for singles and not home runs.
It’s a traders market.

FYI…Chicago looks like a scene from the Monsoon season in Bangladesh.
If you don’t hear from me later in the day that means Com Ed is flooded out and I’ll be
found hiding in a tree keeping my feet dry.

Time frame trading today!
Trade what’s in front of you.

Short Term View…

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…)