Spu’s…1512 bid gets it going.
USD/JPY …92.19 (108.47 Futures)…91.30 (109.52 Futures) is the First big Fib back on the year.
CAD/JPY…92.14 is support
EUR/JPY…122.55 is first Fib support. Anything under 123 the first time down can bounce.
GBP/JPY…144.95 is first support
EUR/GBP…84.76 is Fib support
EUR/AUD…is the only cross that showed correction with yesterday’s ORL close. 128.75 is first Fib support.
A close over 130.60 cancels the chart pattern.
EURO…132.50 is the Point & Figure uptrend channel line. This will be a “bear trap” the first time down.
General Comments…
It’s all about the Yen crosses.
Why don’t they ever call me up before they speak!
I wasn’t in the Rolodex in 1985, when everybody in the CME, who was in the know ” got the phone call!”, bought hundreds of Yen Futures on the close before the Plaza Accord.
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.