Spu’s…maintaining above 1512 would have traders looking for another 20 points.
Closing below 1490 would be a short term pattern breakdown.
30 yr….buy stops rest above 144. Sell stops 142.20
Oil.. minor buy stops above 97.05 will lead to 97.50 ish. Major buy stops rest above 98.25.
NFLX…194 ish is the next zone with a 225 fib tgt level.
General Comments…
Pay attention to the Euro crosses early.
Yen…watch for a possible screw job with a new low for the week in the Yen futures and price action immediately
back higher. 106.20 has been the futures level ( 94.16 USD/JPY).
So far there has been no real correction in the Yen for the past 6 weeks, however this is one spot to keep
your eye on. It is a level that has the potential to flip the crosses and the board to a Risk off footing…short term.
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.