Stocks...
Nasd 100…3584 is support and the short term downside pivot. Buy stops are over 3630-35.
KBE…needs all new closing strength over 32.45 for another run to retest the ORL reversal # of 33.
KRU…the regional banks need to hold over 82.20 for higher
X…put in an ORH day yesterday with a close over 26.06. 24.46 is a monthly double bottom and support. A firm X will spillover to other assets.
Bonds..
30 yr. Bonds…132.28-30 will be pivotal all day. Sell stops are @ 132.00 which could give way to 131.23 weekly & monthly support.
FX…
EUR/AUD…attempted last weeks low of 150.30. A weekly close under 149.40 is needed for downside acceleration.
Commodities…
Oil…100.75 should be watched for a possible double top. An attempted new high followed by a close under 99.55 should be viewed as negative.
FYI…the Midwest is warming up enough for me to venture outside today!
General Comments or Valuable Insight
I was quite surprised that Silver & Platinum didn’t have more of a bid yesterday, but then again, GOOG,AAPL,PCLN and that ilk do not use those metals to produce anything.
Nasdaq is leading the rally.
It’s the Mid-Week Shuffle…pay attention to the game today.
Short Term View…
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical s.
We are positive Equities.
Current Positions….
QQQ Long FEB 14 89 Call 2/22 exp .23 cents
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Today’s Working Orders
No working orders