Welcome to unenjoyment…and for your added pleasure USDA Crop Report @ 11:00 CDT. Where’s Beeks when you really need him!
AUD/JPY…97.76 is last months high( maintaining above is price positive). This will trade up or down with the Spu’s.
EUR/JPY…maintaining over 124.50 ish can lead to a new high just shy of 129.
GBP/JPY…maintaining over 142.90 leads to a test of 144.
Euro…130.60 is minor support. By holding here on an initial break this could rally to 132 for a start.
GBP/USD…this needs over 150.75-95 for higher
USD/JPY…95.75 ( 104.43 H Futures) is a level that can reject the first time in. Once through it’s headed toward parity.
30 yr.Bond (H) sell stops are under 143.09. Closing under 143.09 puts in an ORL week.
142.05 is last months low, if given on a closing basis, we’d be looking for a move towards 135.
144.09 is first resistance with buy stops over 144.17. 145+- a few is key resistance.
Oil…92.50-60 on top. A close below 89.80 will start a leg down.
Silver…Parameters 28.40-50 and 29.40-60. I need to see closing price action above or below for a new signal.
GDX…we’d like to see this hold 36.65 to avoid a lower retest.
General Comments…
Spu/Bonds…Keep your head in the game.
We’ve written the upside levels for GOOG,GS, AAPL this week.
Wacky off the market trade of the day….Go Short the Spu’s @ 1577
The 30 yr Bonds and the metals typically have the most volatility to day trade.
Model Trading Portfolio……………..
Stop Close Profit Points
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 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.