Stocks...
Nasd 100…needs a close over 4335 for more upside.
4355-65 is daily support.
Spu’s… price action under 2079 is needed to turn the P&F lower. 2070 is support and the market meltdown level.
DAX…I need to see 11,800 hold on a closing basis to avoid more profit taking.
VIX…resistance is app 14.15
Bonds …
30 yr Bonds…I need to see a close below 162.23 for the Bond to rollover.
FX…
USD/JPY…118.74 is the weekly OR #.
GBP/USD…150.55 is resistance.
Commodities…
GOLD…1207 (the weekly close) will be pivotal late day. Above the 200 DMA is possible @ 1231.
The risk for longs is last night’s low of 1197. A close below this area is needed to put Gold back on the defensive
General Comments or Valuable Insight
Once again the VIX in the mid 12’s presage a market sell off.
This is mostly Greece driven in front of the weekend G20 meeting.
Time frame trading.
……………………………………………………………………………………………………………
Current Positions…. Entry Stop TGT
LONG SOXX 91.50 95.10 Close
LONG FEYE 41.75 41.65 Close
LONG XLV 73.90 72.90 Close
LONG VIPS 29.55 28.85 close
LONG VIPS 29.55 28.85 close
…………………………………………………………………………………………………………
Working Orders…
SELL SOXX @ 99.05 OCO 95.10 Close