Stocks...
Bonds …
30 Yr. Bonds…(M) 161.10 is a descent resistance level for today.
BUNDS…(H) Futures expire today. June (M) is front Month.
FX…
EURO…To elicit any meaningful short covering, you’d need to see price action over last night’s opening of 110.35
Commodities…
Gold… sustained price action above 1210 or below 1190 is needed for new momentum.
It’s in a $20 dollar range on the long term Point & Figure chart.
General Comments or Valuable Insight
Full Moon Trading today and I’m fresh out of ideas.
Today is typically a Bond led event which will drive the currencies and Gold.
Bond Futures up=initial relief rallies in the FX against the Dollar.
Bond Futures down=stronger Dollar and weaker Gold
Biotech is the place to look for opportunity in the Equities.
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Current Positions…. Entry Stop TGTLONG EFA 66 3/06/15 Call .13
These will expire worthless
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Working Orders…..
BUY AUD/NZD @ 99.95