Stocks...
Spu’s… 2033.50 is support. new closing momentum over 2095 close is needed for another run higher.
Nasd 100...4376-87 is mvg avg resistance. Last night Nasd 100 printed the 4265 buy level.
FTSE...tested it’s 200 DMA last night near 6665. 6830 is resistance.
GOOGL…put in a negative pattern yesterday. Today we’ll see if it’s real.
550 is first support.
Bonds …
Bund…158.10 is support and the downside pivot. A close over 159.30 is needed for higher.
10 Yr. Bonds…I’m friendly to the pattern as long as we maintain above 128.24.
FX…
EURO…106.86 is fib support
Commodities…
WTI…46.50 is the next bounce level down matching 54.65 is Brent.
GOLD… 1182-78 is the short term hold level. Closing under this level will see the yellow metal sold.
General Comments or Valuable Insight
Happy April Fool’s day.http://www.aspendailynews.com
If you don’t wish to torture yourself today, entertain yourself with this.
Keep it simple at this point. Use yesterday’s closes as your short term pivot for bias in whatever you trade.
Good above/negative below.
Let’s see how much new money gets put to work today in the Equity markets on this first day of the new quarter.
OIL…look for this to trade in 75 cent increments either way. “Up or down”.
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Current Positions…. Entry Stop TGT
LONG VGK 56 4/17/15 Calls .50
LONG SOXX 91.50 92.40 Close
LONG FB 85 4/02/15 Calls .49
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Working Orders…
SELL 15 VGK 56 4/17/15 Calls @ 65
SELL 10 FB 85 4/02/15 Calls when FB prints 85
SELL SOXX @ 99.05 OCO 92.40 Close
BUY AUD/NZD @ 99.96