AUD/JPY…shows a double top on the P&F @ 99.50. 98 +– a few seems to be the next
descent level of interest.
FBTPM…Italian 10 yr...shows initial support @ 108.40.
30 yr. small buy stops are 143.16. The lowest risk sell zone is in the low 144’s.
Euro…price action over 130.60-70 is needed for higher. Below 129.55-70 look for a test of the 200 day “128.70 ish”
GBP/USD…need to squeeze above 150 for any upside and above 150.75 to run out complacent shorts.
EUR/JPY…After 124.40 ish the 123.20’s is the next level for a bounce.
CAD/JPY…short term sell stops rest under 93.05. Next support is 91.90-92.10.
Gold…looked yesterday to be able to go back to 1586 and hold. This still needs over 1600 to go anywhere.
General Comments…
The 30 yr. is following through on an ORH pattern from yesterday. Again, these pattens typically show follow through into the next trading session. It’s what the instrument does in the second session ( THURSDAY) that is telling of the pattern.
Equity indices…the levels haven’t changed.
It’s the mid-week shuffle…let’s see if the plungers have any luck running out the new longs today.
Model Trading Portfolio……………..
Stop Close Profit Points
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 2/28/13 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.