A.M. Look 4/19/13

Vix…1820 is weekly resistance. 1542 is the 200 day and should bounce.
1462 is the lowest risk buy zone ( where you can sell the Spu’s the first time down) and make money.

Spu’s…buy stops are 1553.50 leading to 1558-62 again.

Nasd 100…starts maintaining over 2758.25, it will rally in 20 point increments.

Gold… Hit it’s next resistance level of 1425 with 1460 a lower risk sell zone. The high 1390’s become support.

AUD/JPY…103 is the next resistance level.

USD/JPY…as long as 97.90 is not given ( app 102.15 Futures) the dollar will remain bid against the Yen.

General Comments or Valuable Insight

The Vix has been a good indicator of Risk On or Off, so pay attention to the aforementioned levels to match up with the equity Indices.

We’ll be leaving late Morning for a conference the rest of the day.


Time frame trading today!
Trade what’s in front of you.

Short Term View…

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…)

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