Spu’s…have to sustain under yesterday’s low of 1559.50 for any downside to materialize.

Euro…sell stops are 127.52 which can lead to a test of 126.70.

GBP/USD…Cable has the ability to take a look at 150.00-25

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.

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. Sustaining over 98 after the # would initially lead to another 80 points higher.

AUD/USD…same levels…sustaining above 104.80-90 is needed for higher.

General Comments…

The ECB release and ADP ..followed by ISM and Oil #’s. Lots of potential market movers.

The metals have been going in the opposite direction as the Equity Indices. I would
look for more of the same today.

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 beginning 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.