Stocks...
SPU’s…2049.25 is today’s ORH #
MIDCAP…147230 is today’s ORH #
Bonds …
FX…
EURO…114.85 is resistance. 113.00 is support.
GBP/JPY…177.50 is support and the closing downside pivot. Look for this to trade in the direction of U.S. Equity Indices.
Commodities…
OIL…47.30 is support, only a close below 46.40 will lead to another leg down.
This could easily trade to 50 again today.
Gold…1254 is today’s 200 DMA support with resting sell stops below.
General Comments or Valuable Insight
The Equity indices will be a headline Bot driven rip. I’m friendly to the Indices, however it will be easier to trade individual names than it will the Indices.
Spu’s need closes over 2065 to start another leg up. Buying strength for the next 20 points will be problematic given the posturing with Greece.
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Current Positions…. Entry Stop TGT
LONG ZIOP 7.99 8.00 Close
LONG AAPL 116
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Working Orders…..
SELL another 30% piece of the original ZIOP position @ 10.90 GTC.