Midday Missive

Euro…the resting buy stops are over 138.80, today’s ORH#
Gilts…a close today over 110.30 puts in an ORH day. Today’s low is it’s 200 DMA.

KBE…
a close over 32 will provide short term bottom to trade against.
IBB…has held for now. The Risk to be long is today’s low with a 240 tgt.
V…Visa gains upside momentum over 205.
BHP…a close over 70.80 is needed for a test of the recent high of 72.
XLI,XLB,& XLK…are three sectors that can be traded from the long side against today’s lows.
GS…support is today’s low. A close over 160 is needed for more upside.
European Indices have been run up into their monthly closes.
This marking and capital flow is now over.

The rest of the day will be a time frame trade after the release of the Fed minutes App 1 P.M. CDT

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