Stocks..
Spu’s…are trading near resistance. 1665-66.
Nasd 100…3175-81 is resistance.
Bonds
30 yr…. is trading close to support. Only closing under 131.28 would have me take a second look
FX…
USD/JPY…98.20 (101.90 ish) is Yen support
Commodities…
OIL…resting sell stops are @ 101.05. 103.56 is mvg avg resistance.
General Comments or Valuable Insight
Short term Technical trading 101. Close your eyes and execute at the 200 days with tight stops to see what you get.
Yesterday it was Goldman @ 153 and Google near 838.
2 nights ago it was USD/JPY @ 96.60 (103.50 Futures)
The board is all about trade location. If you have it, meaning you can define your risk, give it a go.
Short Term View…
We’re in a game of picking the next low for an attempt back to the highs in the U.S. Equity Indices. Right now individual stocks look to be an easier read based off their own technical s.
Go with the flow. Use the 9/30 closes as your macro pivots. Trade the opening ranges and early time frames.
Today’s Working Orders…
Sell 1/2 AUD/USD @ 95.14.
Sell 1/2 FXA @ 95.10.
Current Positions….
Long AUD/USD 94.32 93.70 Close 95.25/96.75
Long FXA 94.31 93.80 Close 95.15/96.70