30 yr. Bonds…after putting in an ORL day and week on unemployment, Bonds are attempting the triumvirate which would take a close under 144.00 at Month end.

Spu’s…still need some sustained and closing price action under 1619 for lower.

Gold…needs under 1420 to break another 15 dollars.

Yen…futures need over 98.70 to re-test 100.
USD/JPY…this is app 101.30
FXY…98.50-70 is the level to manage shorts against.

EUR/AUD…yearly buy stops are 131.92. As long as this cross maintains over 129.50 we expect to see
a test of this level. We’ve been very friendly to this on a long term basis since last July.

General Comments or Valuable Insight

Bonds..It’s way too early in the month, so expect some violent price action around the 144 level, 1 point moves both ways off this level would not be unexpected. You should be in sell the really big rally mode ( anything into the 146.00 handle).

A couple of closes below 144 should have you looking for the 139 handle in the futures.

TBT…sets up differently. This needs a monthly close over 66.10 to retest 70 and beyond.

Euro…seems the world is bearish the Euro again. Selling weakness in this currency is ill advised since it is the wrong way on the major cross rates. EUR/JPY & EUR/AUD

Short Term View…

Use the 4/30/13 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.