I will be out of office for the next couple of days for some scheduled body maintenance.
I will not be writing, answering calls or returning e-mails until at least Thursday
General Comments or Valuable Insight
Many of the World Bonds look to be in need of a small relief rally. This includes the Bund, Italian 10 yr. and of course our 30 yr. Bond.
Short Term View…
Keep trading to make money. The opportunity will be in individual names.
Less is more this time of year. Be patient, if you miss something it’s much better than taking it in the shorts!
Individual stocks look to be an easier read based off their own technical s. The Equity Indices seem stretched at these levels.
Go with the flow. Use the 9/30/13 ( September 30th) closes as your macro pivots. Trade the opening ranges and early time frames.
Your short term pivots are Friday’s closes unless stated.
Just ask yourself..is it trading higher or lower on the month?
Current Positions….
Entry Stop TGT
APPL Long 520.70 518 600
TBT Long 77.42 76.80 intra day GTC
Today’s Working Orders
Sell AAPL @ “559 stop OCO 581” GTC 1/2 remaining position
Sell AAPL @ 518 stop GTC 1/2 remaining position
Sell AAPL @ 518 stop GTC 1/2 remaining position
OCO…One Cancels the Other