General Comments…
It’s month end…the markets seem relatively quiet this A.M.
Spu’s show 1519.25 as a potential double top. This level could to lead to some possible
back and fill price action, however we wouldn’t be looking for much. The path of least resistance on a day like this is generally up.
The day should be a Time Frame Trade leading to expected month end window dressing.
If you’re trading individual names, review your technicals
Model Trading Portfolio……………..
Stop Close Profit Points
No positions
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., however
new clients will receive a complimentary copy.