Stocks...
VIX…sell stops are below 13.44.
Bonds..
30 yr. Bonds…need another close above 133.20 ( today’s 200 day mvg avg) to get people buying treasuries.
New Home sales @ 9:00 A.M. CDT should be watched for direction.
FX…
Commodities…
OIL…102.90 is point & figure resistance. 103.45 is the upside pivot where the current buy stops are.
Gold…(G) Feb expires today. The march contract would presently need sustained price action over 1345 to show further strength.
Natgas…(H) Futures expire today. We’ll put out further comments this afternoon.
General Comments orValuable Insight
It’s the mid-week shuffle.
I’m not looking for the equities to do anything but stay firm into month end led by the usual suspects.
There is nothing to do in the FX market but lose money.
The energies and the gold have potential to be good trades today.
Oil Inventories should get the ball rolling @ 9:30 CDT
Opening Range Time Frame Trading again 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….
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Today’s Working Orders
No working orders