Stocks..

XLV,XLF & XLK are three sectors that are holding up.

EWG & EWP…are both hanging in from a technical perspective.

The risk in Germany (EWG) is a close below 30.50
EWP has to remain above 36.95 close.

FXI…35.85 needs to hold on a closing basis to form up for a rally.

Bonds…

30 yr. Bonds…still looking to sell 1-1/2 point rallies into the 130.15 level until proven wrong.
FX…

EUR/AUD...153.70 is resistance.

USD/JPY…we’re still interested to buy Dollar/Yen @ 103.25 ( sell Futures @ 97.00) with a tight stop.
 
Commodities…

Oil…93.25, yesterday’s low, should be as much as you’ll see for now on the downside without some sort of rally. Oil has been a one way, 8 dollar move, without any bounce.

General Comments or Valuable Insight

Pick your poison. Financials, Social interactive enabling stocks and healthcare are still at the top of my buy on the big puke list.

The price action in GOOG & AAPL over the past few days show you why
you need to be prepared with your technical buy levels.

GOOG tried to put in a one day topping pattern on profit taking, only to scream straight back up.

As long as the Equity Indices hold above the qtrly pivots the breaks will be muted.

Short Term View…

Keep trading to make money. The opportunity will be in individual names.

Individual stocks look to be an easier read based off their own technical s.

We have a long Equity Bias. We’ll be leaving our trailing stops as is.

Current Positions….

Entry     Stop     TGT

APPL    Long                                   520.70    540
SSO      Long                                     98        99.80

These are stop on close orders.
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Today’s Working Orders

No working orders
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