EUR/JPY…122.36 is key resistance and the upside pivot.
AUD/JPY…95.27 is resistance. recovery over 95.66 is needed for higher.
Under 93.63 look for another figure lower.
USD/JPY…was a classic after the Chicago pit close, sweeping of the stops, by the bots. Everything under 92 USD/JPY was
elected.
Yen Futures…by holding 107.50 (93 USD/JPY) on breaks, you can buy the dips in the Yen. Closing over 110 (90.90 USD/JPY) the next significant level is 111.20 ish. This is a major closing level.
Euro…130 +- 10…129.80 is the next significant Fib.
30 yr…146.08-13 can reject. Buy stops are resting @ 146.17. 147.05 should provide a low risk sell level the first time up.
Vix…has come too far the first time up to the 19 level to not have some digestion.
17.30-16.95 needs to hold on a break to avoid lower. 21.50 is weekly resistance.
Spu’s…1495.50-1502.50 is the area to watch for price rejection.
Canada Futures…98.05 is resistance and the upside pivot.
Oil…Monthly sell stops are @ 91.52. 91.15 is Fib support and should bounce the first time down.
General Comments…
Chasing market direction after a big move makes for a very long day.
Be patient and wait for the Chicago Pits to open up so you can codify your risk.
Model Trading Portfolio……………..
Stop Close Profit Points
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.Use 1/31/13 closes as your short term pivots in everything.
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., howevernew clients will receive a complimentary copy.