Stocks...
SOXX…94.20-50 is resistance and the closing upside pivot for more strength.
Spu’s… 2054-57 (Unchanged on the year) will be the focus today into tomorrow’s close. This will be support.
Nasd 100...4376-87 is mvg avg resistance/ 4332 is mvg avg support. I need closes over 4430 to generate new upside targets.
FB…needs to hold higher on the week or the Calls will evaporate.
Bonds …
Bund…158.10 is support and the downside pivot. A close over 159.30 is needed for higher.
FX…
EURO…needs under 108 support or over 110.10 resistance for a breakout.
GBP/USD…needs under 148 support or over 150 resistance for a breakout.
AUD/USD…is trading into support on the P&F. This is a high risk area to initiate new shorts the first time in. It can start a new leg lower with a close under 76.40.
Commodities…
WTI…47.25 is the 50% retrace for the past 2 week.
GOLD…1191 was last night’s P&F breakdown #. 1182-78 is the short term hold level.
General Comments or Valuable Insight
CFTC Commitment of trader reports show Dollar longs at a record 6 week high.(Mostly Euro Shorts).
Dollar up… is the path of least resistance with traders looking to press that direction into qtr end markings.
It’s a short week with Qtr end tomorrow & Iran nuclear talks which can have a big effect on Oil.
Unemployment is released Thursday before the long holiday weekend.
……………………………………………………………………………………………………………
Current Positions…. Entry Stop TGT
LONG VGK 56 4/17/15 Calls .50
LONG SOXX 91.50 88.80
LONG FB 85 4/02/15 Calls .49
…………………………………………………………………………………………………………
Working Orders…
SELL 15 VGK 56 4/17/15 Calls @ 65
SELL 15 FB 85 4/02/15 Calls when FB prints 85