USD/JPY…is winding up for another move. If the chart pattern in AUD/JPY is true, ( ORL day) yesterday with follow through last night, this could be the start of a rebound in Yen Futures.
The dollar point & figure is included today with the “app” futures levels needed for pattern break outs.
General Comments…
It’s the mid week shuffle. We’ll be focused on the Yen and the crosses today to see if the board can go Risk Off and alleviate some of the directional RSI’s.
Be patient today and keep your eye on the 30 yr. We’re still looking for the low 147’s.
We repurchased ANR yesterday, however we’re not going to give it much scope. In a perfect world this would remain above the 200 day @ 9.29.
Model Trading Portfolio……………..
Stop Close Profit points
Long ANR 11+/ 12.30
Long ANR 11+/ 12.30
Long EWZ
AAPL is a 20 % position.
Long Feb AAPL 550/575 call spread
Short Term View…We are using Monday’s closes ( 12/31/12) in everything for our trading bias for the qtr since all trading is bench marked against these closes.
Medium Term View… updated qtrly
These are static levels that do not change.The Medium Term View will be included as a courtesy for our clientele in the A.M. Look. It will no longer be available in our archive section until the end of the qtr.
These are static levels that do not change.The Medium Term View will be included as a courtesy for our clientele in the A.M. Look. It will no longer be available in our archive section until the end of the qtr.