Spu’s…stillneed some sustained price action under 1490 for further downside.
AUD/USD…needs under 103.80 to break further. (the futures are trading at a 35 point discount to cash)
USD/INR…has been off our radar for a while. This is attempting an ORL week.
Meaning Rupee strength which historically has been reflective of a firm tone in bullion prices.
General Comments…
There is no technical evidence that direction will abate in the currency crosses or the Spu/Bond spread.
We get it, the rsi’s are stretched. Since today is the last day of the month it should be a late day game.
Model Trading Portfolio……………..
Stop Close Profit Points
Long Silver 30.50 (H) Puts
Long Feb AAPL 550/575 call spread
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.
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 no longer be available in our general archive section until the end of the qtr.