Spu’s…sustaining below 1581 is needed for short term directional change.
Sell the SSO on a 1580.25 Spu print. (app 74.80 SSO).
30 yr. Bonds…I don’t think you want to see them over 147.02 again, however we’ll use a
147.20 stop for the remainder of this position, which is about break-even.
Oil… 91.75 is the 200 day. Look for this to initially hold into the 92.00-
91.75 level the first time down.
Metals…sell stops below 27 in Silver and 1540 Gold.
Investors are not “getting paid” to hold metals. Meaning, there is still
selling of the metals on rallies to find a home in higher yielding instruments.
USD/JPY…this is definitely hung up at the big figure, however the real short squeeze comes in around 98 ( app 102.20 Futures)
General Comments or Valuable Insight
Anyway you look at it our tgt in the Spu’s were hit yesterday and we’ll more than likely
be content to keep our hand off the mouse today. Less is more.
http://yragharris.com/2013/04/
It pays to read Yra!!!!
Short Term View…
Don’t fight the money printers.
It’s the first days of a new qtr., use the 3/28/13 closes for your short term pivots in everything!
Medium Term View…the qtrly update is out. This update is provided exclusively to current subscribers and will not be posted on our site until mid-June for general review.
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.