A.M. Look 1/22/13

Oil…Feb. expires today. March is the Month you should be following.
Natgas…Feb. expires next Tuesday. 3.71-3.76 is resistance in either month.

Soybeans…closing and maintaining over 14.60 will lead to a test of just over 15.

USD/JPY…we were looking for 90+ and we got it. Typically the Yen has violent price action around the natural numbers (80..90..100 USD/JPY ect) This time was no different with an ORL day Monday in the Dollar.

EUR/USD…133.33 is the ORH daily #.

AUD/JPY…93.92 becomes a key closing level. By staying below, look for more profit in this cross.
EUR/AUD…129.29 will become the pivotal level.

30 yr…Friday we had 145.31 as a key resistance #. This level has not changed.

General Comments…

The Yen is trying to base out ( bottom) for a much needed directional rest. Only AUD/JPY cross shows the same potential pattern as the straight USD/JPY .

IBM & GOOG earnings are out late today, with AAPL tomorrow.

FYI…Anytime you wish to look up levels, go to the website ( Click on Pro Tips…add the instrument you are looking for in the box…) Everything I’ve written for the Month will appear.

Model Trading Portfolio……………..
Stop Close                         Profit Points

Long Gold                                                 1680                               1715
Long ANR                                                                                        11+/ 12.30

Long EWZ                                                                        56.05
Long Feb AAPL 550/575 call spread

AAPL is a 20 % position.
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.
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