SPU/BOND…spread is dead on the 18 day mvg avg.

30 yr. Bonds…144.07-09 is near term support. A close below 143.20 is needed to get
something going on the downside. A close over 145.07-10 is needed for higher.

Bunds…need a close under 144.85 to put this on the defensive.

Italian 10 yr…109.30 is resistance and the upside closing pivot.
Again, Euro Traders….it pays to keep an eye on these levels to match up with
resistance in the Euro/Usd.

Gold…short term needs over 1607 or under 1592 for a new signal.

OIL...needs new sustained price action above 97.35-40 for higher and 96 +- 10 cents
for lower.

AUD/JPY…98 +- a few will act as resistance and the upside pivot.

General Comments…

Yesterday we bought the 1530/1500 April S&P 500 put spread for 4 dollars. We did this to simply trade our level. We have 2 weeks for this to work, however the Spu’s continue to hold it’s uptrend line and we are not married to this.

We could be a month early on this trade and one down day does not make for new direction and we’re right smack dab on our # set again this A.M.

The big game is at the end of the week. Do your homework and trade the technical levels. You’ll be far better served than trying to over think things.

Short Term View…

Trade your levels and forget the news. The news will be after the fact. Let the price action be your guide.
It’s the first 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.

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.