Stocks...
VIX…is flirting with the 200 DMA again @ 14.66
Bonds …
30 Yr. Bonds..(H)…price action under 144.00 can lead to another 2 points of downside
FX…
EUR/AUD…144.23 is the lower end of the recent range. This is support and the downside closing pivot.
AUD/JPY…93.38 is resistance.
Commodities…
OIL…March crude expires today. April (J) is front month.
NATGAS…3.00 is today’s resistance. I suppose it could squeeze up towards that 50 DMA, however it would take closes over that level to signal a descent rally.
General Comments or Valuable Insight
The Equity Indices are parked waiting to see if we can get some negative news out of Greece to precipitate some profit taking.
I’m hoping for some negative news to relieve the overbought condition and allow some descent entry levels in names that have come a long way in this 2 week run.
I would expect that you’ll get some buying of the VIX against the 200 DMA for portfolio insurance for the weekend.
…………………………………………………………………………………………………………
Current Positions…. Entry Stop TGT
LONG ZIOP 7.99 8.50………………………………………………………………………………………………………….
Working Orders…..
SELL another 30% piece of the original ZIOP position @ 10.90 GTC.
BUY 4 EPH5 (S&P 500 Futures) @ 2061 GTC