A.M. Look 10/16/13

Stocks..

Play in the names that are reporting today if you must trade.

Mattel,BAC,American Express,Ebay IBM are some of the bigger names.
Spu’s…need under the mid 1680’s to break down.

Bonds

FX…

Commodities
Gold…needs above 1300 to mount a rally.
Silver…needs over 22.10 to start turning up.
General Comments or Valuable Insight

Wait it out today. Trading against the Bots on news bites will

be unrewarding.
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.

This entry was posted in Archive and tagged , , , , , , , , . Bookmark the permalink.