Stocks...
Spu’s…2058 is this week’s support
Bonds …
Bund & Italian Bond Futures expire today.
FX…
EUR/JPY…148.23 is today’s ORL #. Sustained price action under 148.00 is needed for further profit taking.
USD/JPY…119.69 is today’s ORL #. Sustained price action under 119.50 ( over 83.68 Futures) is needed for further profit taking.
Commodities…
OIL…short term point & figure resistance is 68.10. Only price action above 69.50 will hurt the long term Bears.
63.72 should be monitored for a possible bounce
General Comments or Valuable Insight
The week is starting out in back and fill mode.
Time Frame Trading today.
Next week is the important set up week for the next qtr.
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Current Positions….
Long Ford (F) 14.19 14.20 Close
Long JJG
Long SLV 12 DEC 15 16.50 Call .16