Stocks..
Nikkei…as long as there is no close below 15,500 we still have an eventual tgt over 17,000.
Spu’s…1812 will act as the upside closing pivot.
XLV…Love this with a 54.25 stop.
Bonds
30 yr. (Mar)…the Bonds will spend the next week and a half trying to rally a point to a point and a half.
We’re placing an open order to sell the 30 Yr. Bonds @ 130.08
FX…USD/JPY…Buy Dollars against 103.25/sell the Yen @ 96.85
EURO…put in a trad able top pattern Wednesday “ORL DAY”. The crosses have not confirmed that the Euro is the leader in the Dollar trade.We’ll put the Euro on sell the rally list with a resting open order to sell @ 137.50 GTC with a 25 point closing stop.
AUD/USD…90.10-40 is resistance. “Futures traders” the forward is -50 ticks to cash which brings the corresponding March Future level to 89.60-90
Commodities…
Gold…the macro sell stops are under 1180. The longer term downside tgt is the 1080 level.
OIL…we’re trading (G) FEB. 99.20 will act as the upside closing pivot.
General Comments orValuable Insight
Yra Harris http://yragharris.com/ made an interesting observation last night about the Swiss Franc.
The Dollar is trying to turn up against the continental currencies.
It’s already been on a tear against the rest of the world, so the game is which shoe is next to drop.
This enclosed chart shows that the Swiss Franc, which is coming very close to a 40 yr. retrace #against the Yen, leaving the Swiss looking to be the juiciest to tgt. for downside against the Greenback.
This is definitely worth keeping an eye on. USD/CHF is quietly attempting an ORH week with a close over 89.42 ( Under 111.93 Futures).
Short Term View…
Keep trading to make money. The opportunity will be in individual names.
Less is more this time of year.
Individual stocks look to be an easier read based off their own technical s.
We’re looking for the Equity Indices to rally through the first week of the year.
Current Positions….
Entry Stop TGT
APPL Long 520.70 518 600
SSO Long 98 104
Today’s Working Orders
Sell AAPL @ 518 stop close GTC
Sell Yen Futures @ 96.80 GTC
Buy USD/JPY@ 103.25 GTC
Sell EURO @ 137.50 GTC
Sell USH @ 130.08 GTC
