Stocks...
GOOGL…535 is the weekly ORL #. This level will run sentiment for the Equity Indices.
DXJ…I like this ETF for a hedged long view on Japan Equities. As Long as 56 holds this has much higher to go.
BABA…needs sustained price action and a close over 85.10 for higher. Below 83.50 it melts down.
NFLX…earnings after the close today. There are no bargains here for an upside play on the April Friday expiration.
Bonds …
Bunds…159.00 remains support.
FX…
EURO…107.11 is resistance the first time up. Closing under 105.40 will lead to the low 101’s.
Commodities…
GOLD…bears do not want to see any sustained price action over 1200, for it will turn the short term P&F charts up.
Ice Brent and WTI Futures expire today.
Natgas…is trying to bottom. Sustained price action and a close over 2.55 could lead to another small rally.
General Comments or Valuable Insight
CVX & COP have the two best patterns in the Oil patch.
The big game will be NFLX after the close and GOOGL holding 535.
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Current Positions…. Entry Stop TGT
LONG SOXX 91.50 94.00 Close
LONG FEYE 41.75 40.50 Close
LONG XLV 73.90 72.70 Close
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Working Orders…
SELL SOXX @ 99.05 OCO 94.00 Close