94.80 ish is the 200 day mvg avg in the oil.

136.15 is the downside tgt in the U.S. 30 Yr. Bonds

The Bunds are hanging around their downside closing pivot.

The front month S&P 500 Futures are getting close to their expected upside tgt levels.

This all adds up to, getting over extended directionally on a short term basis. These are all levels that add up to price rejection the first time into the # sets. Simply put, markets rarely just run through levels like this on the first try.

Whether or not it turns into something more than a reaction off the levels remains to be seen.

For Longer time frame traders, these are the areas to take some money off the table. Day- Traders can use the above levels for low risk scalping opportunity for contra-trend trading with extremely tight stops.

The S&P requires at least a 12 point reversal from any high to even think you’re getting a good directional change.

Model trading Portfolio…Current Holdings

No Positions

Medium Term View…

Equities

Our medium term view is that the Equity markets have put in a bottom for the next few months at 1070 SPU. We’ve been waiting for the past few weeks to re-load our longs around the 1163-71 area, based off the front month S&P 500 Futures, for a rally into year end.

Precious Metals

Looking for weakness into the first week of Nov. Then, if the technicals agree, we’ll re-purchase the metals for a longer time frame portfolio buy and Hold for our private wealth clients.

Bonds

30 Yr. Bonds …I’m treating 147 as the high for a long time. We’re looking to sell big rallies for the foreseeable future. This includes hedging strategies for our private wealth crowd that have Bond Fund exposure.