Spu/Bond…is trading once gain at a key mvg avg that broke the Spu’s 40 points the last time it failed at the avg..It’s not an inconsequential level. One again it will act as a big mkt pivot.
30 yr. Bonds…point & figure show short term sell stops below 145 (H)
OIL…90.70 is P&F resistance today. Fib support is 88.80-90.
Precious metals…
With the equity strength Long Platinum/Short Gold is beginning to pick up.
Silver…28.70 loks pivotal today with 28.50 being support and the downside closing pivot.
GBP/USD…152.25 is resistance and the sustained action above is needed for further strength.
AUD/JPY…P&F shows a double top @ 95.50 ish. This needs above 95.75 or under 94.40 for a new signal.
This cross is a Risk barometer.
General Comments…
The Dow Transports “IYT”, the Utilities “XLU”, Healthcare XLV & IBB, XLF Financials( GS keeps holding 147.50
A close in GS above 153 is needed for a further swing up.)
All these instruments need to show they are done going up before you can sell the Indices and get away with it.
BLK…maintaining above 239.45 keeps this positive.
Trade what you see. Time Frame Trading 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 qtrlyThese 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.