Stocks..
APPL…holiday bonus! Apple signed the China Mobile deal last night and is up 20+ dollars.
Bonds…
30 yr. (Mar)…we had an order to sell the 30 Yr. Bonds @ 130.08.
The high late Friday afternoon was 130.08. It looks as though we got filled last night.
Check to see if you were filled, it’s holiday market time and some rogue quotes were put up on my system in early London.
It looks like the steepeners were still being liquidated in thin holiday markets in the early Europe.
Most systems show a high of “135.23” in the March futures last night.
I doubt it’s a correct price. Check with your data provider while they are waiting for confirmation of the correct high from the CME.
If you were not filled …cancel the order!
Those that were filled place an order to BUY 1/2 the position @
129.24
129.24
FX…
Short Swiss Franc is working on every cross, unfortunately we’re just short Swiss , Long USD/CHF.
Commodities…
Gold…the macro sell stops are under 1180. The longer term downside tgt is the 1080 level.
General Comments orValuable Insight
There is nothing to do but ride the ride and be fat and happy!
Eat well, have fun, and enjoy your holiday!
Markets will be extremely thin.
We’ve canceled some resting sell orders in the Euro , not because we don’t think the levels are good for a rebound, it’s just we know everyone would prefer to be left in holiday mode.
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
SFH Short 111.76 112.25
USH Short 130.08
Today’s Working Orders
Sell AAPL @ 518 stop close GTC
Sell Yen Futures @ 96.80 GTC
Buy USD/JPY @ 103.25 GTC
We’ve canceled our orders to sell the Euro