30 Yr. Bonds…the next set of month sell stops are 142.00 tgting 139, however
this instrument is oversold short term with a double bottom @ 143.16 put in overnight.

TLT…116.56 is support. Once closing below we‘re looking for 111

Spu’s…need under 1642.50 today for any profit taking to materialize.

Euro…macro sell stops are 127.45.
Swiss Franc…102.57 ( SFM) is last years low monthly close and support 97.65 USD/CHF

Crude…92.50-75 is next. Once through, look for 91.30 for a bounce level.
Gold…1405 is support. Closing below 1399 will lead to another big bout of selling.

General Comments or Valuable Insight

Nikkei hit my upside tgt last night 15,210, the DAX is just shy of 8400 which is the first tgt on this swing.

Those of you that sold the Euro yesterday should use a 129.70 stop close and pay for the trade ( take partial profits) just above 127.50.

Equities…investors should raise their trailing stops to levels they are comfortable with.
We bought the VIX yesterday for portfolio insurance.

Note…we always write a stop with any instrument we‘re interested in. As the instruments become profitable those stops should be raised to your entry level so you don’t lose money.

Short Term View…

It’s the mid-week shuffle…look out for contra-trend moves over the next 2 days.
Use the Chicago openings to help guide your trading.

Use the 4/30/13 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.