Silver…broke out to the upside above 24.35 In early Asian trade on the Point & Figure as shown late yesterday.

25.06 will be sticky the first time up, which just means it’s a better exit level than a place to buy the first time it prints there. 25.60-70 is weekly resistance. 23.75-85 is 1st support.

SLV…24.42 is first resistance followed by 25.14-28, which is aclosing upside pivot.

Gold…slightly over ran our resistance last night in Asia. We need to see more price action to determine the next move.

Oil…has not had a reversal, or back and fill, since $89. Oil finally put one in last night. We took the Day-Trade short yesterday against 92 because this was a logical place to look for one.

USO…33.60 is the 200 day. This could extend as high as 33.90 on an initial thrust.
As with all ETF’s, Let the Futures be your guide, not the technical levels in the ETF’s.

USD/JPY…98.30 ( app 101.90 in the futures) is near term resistance. Through here we’d look for another Figure in the dollar
or a move to almost 103 in the futures.

VIX…14.09-20 is the first resistance level. Sustaining through here will leave room to 15.

General Comments or Valuable Insight

Let the day unfold. GDP # is released @ 7:30 A.M. CDT, we want to see how the market digests the new data mix.

Below are the closing market pivots, they have not and will not change.
Spu’s…1563 is the qtrly pivot
Nasd 100…2805 +- 5 is the qtrly pivot

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.