Stocks...
Spu’s…1931 is daily mvg avg support.
Bonds
Bunds…a close under 144.90 is 50 DMA support. This is a low risk buy zone with a very tight stop.
FX…
EUR/JPY…is poked below 138.70 (200 DMA).
EURO….Yesterday I placed an order to buy 1/2 the Euro shorts @ 135.70, I failed to say if it was a day only or GTC order ( 24 hour).
For those that placed it as a GTC do nothing but adjust you’re stop size.
For everybody else…BUY 1/2 your short position @ the market
and adjust your stop size.
Commodities…
OIL…I need a couple of days over 105 before I start buying.
General Comments or Valuable Insight
There is no change in my view. I think the board needs to digest before there is another move.
A lot of short term traders are playing the Equity Indices from the short side for a small correction.
I am not convinced they will get any traction on the trade.
Opening Range Time Frame Trading again today.
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.
Current Positions….
Short Euro 136.31 136.85 GTC
Long JJG 46.95 46.00 Stop Close
…………………………
EURO….Yesterday I placed an order to buy 1/2 the Euro shorts @ 135.70, I failed to say if it was a day only or GTC order ( 24 hour).
For those that placed it as a GTC do nothing but adjust you’re stop size.
For everybody else…BUY 1/2 your short position @ the market
and adjust your stop size.