Stocks...
SPU’s…the mid to high 2060’s will remain resistance and the closing upside pivot.
2039 is 50 DMA support.
Nasd 100...the mid to high 4260’s will remain macro resistance and the closing upside pivot.
DAX…10,590 is mvg avg support and the downside closing momentum level.
Bonds …
30 Yr. Bonds…(M) 165.00 was support that is now resistance and the upside momentum #. Below, there is room for a move to around 161.27.
30 Yr. Bonds…(H) is a tale of two charts. The daily shows the 50 DMA @ 146.14, however the continuation shows 146.29 as it’s 50 DMA.
Both #’s can bounce the first time down. 146.29 is more important to me on a closing basis,for this would leave way to a test of 145.00.
FX…
Follow the Bonds…More weakness from current levels will move the dollar higher against the Euro & Yen.
Commodities…
1st qtr 2015…
OIL…54.10 should be used for general market tone. Closes over
56.50 are needed for strength.
Prints into the downside target handles of 49 followed by 43 are levels
to look for short covering rallies.
Nothing has changed. 53.70 ( 2014 close ) is point & figure resistance.
bears should be using this level for risk management.
General Comments or Valuable Insight
Equity Indices are stuck between the big mvg averages…Time frame Trading…be patient.
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Current Positions…. Entry Stop TGT
LONG ZIOP 7.99 8.00 Close
LONG AAPL 116
LONG BRKB 149.67 149.00 Close
LONG DXJ 50.38
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LONG DXJ 50.38
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Working Orders…
SELL another 30% piece of the original ZIOP position @ 10.90 GTC.