EUR/GBP…85.50 support… 87.70 resistance
Oil…95.90-9600 is closing support. 98.25 is the upside resistance and breakout.
Yen…107.34 is the ORL #. Price action around this level will telling.
precious metals…appear to be winding up for another move. We think it will be up, however we’ve been early before.
Gold…remains above 1660-2 on a closing basis and can‘t seem to get anything going through the 50 day. 1685-6 is macro closing resistance. The march options are the least risky way to play your bias.
AUD/JPY…97.12 is the ORH #. This is a Risk on Indicator.
General Comments…
Nothing has changed. The Euro which ran the profit taking in it’s associated crosses yesterday, held support (134.80) matching the Italian 10 yr. Bond support level (110.90)
What’s troubling is the banter at our elementary school from the Real Estate Agents picking up their kids. ” I wouldn’t take the time to show that home unless I have an all cash offer, and then I doubt I’d bother to show up.”
Here we go again.
The mainstream media has created a panic among would be buyers to slash and burn their way into the housing market.
Money for Nothing..
Model Trading Portfolio……………..
Stop Close Profit Points
Long Silver 30.50 (H) Puts
Long Feb AAPL 550/575 call spread
FYI…Anytime you wish to look up levels, go to the website (Click on Pro Tips…add the instrument you are looking for in the box…)
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.