Stocks...
Spu’s…2080 will act as support and the downside pivot.
Nasd 100...4563 will be support and today’s momentum #.
4633-37 is closing resistance. All new strength over this level is needed for another leg up.
Bonds …
30 Yr. Bonds…155.10 is support and the low risk buy level and the closing downside pivot.
FX…
GBP/USD…155.00 has been the lower end of the recent trading range. below there is room for a move to 154.00 the 200 DMA.
Commodities…
OIL…47.05 is near term resistance and daily momentum. Short term traders can look to manage a short again from this level.
General Comments or Valuable Insight
There is really not too much to get involved with today ahead of tomorrow’s Employment data.
I’m in the two names that have been beaten up with a known downside and limited risk.
Time Frame Trading today.
……………………………………………………………
Current Positions…. Entry Stop TGT
Long AAPL 113.10 112.00
Long DIS 111.05 109.45
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Working Orders…
Sell 30% AAPL @ 118.74