Spu’s …1628-30 is the first fib. Rally’s into the 50 ‘s the first time up should be sold.
Nasd 100…2960 followed…2887 is the best level to look for a bounce..

SPY…a close today below 166.50 would have us looking for 163.50
QQQ…a close today below 73.89 would have us looking for a test of 72
SDS…a close today above 38.62 would tgt 41.15.

This is predicated on sustained price action below 1660 S&P 500 Futures and 3009 Nasd 100 futures
So far the retest of the reversal levels failed in Asia!

Oil…92.75 is fib support matching the same swing as the indices. 92.30 is the 200 day which would be a place for a bounce the first time down.

EWG…price action and closing below 26.25 is negative. 25.75 is next.

EWP… A close below 29.75 is needed for more downside.

FXI… put in an ORL with most Indices, however you’re going to need a close below 37.25
to see follow through.

GOOG…888 will pivotal to the board on a closing basis.

Wheat…we’re looking at 703 for a closing upside pivot.
This is the one that needs to lead for another leg up in the JJG.

30 yr. Bonds…keep selling rallies to 144.00. This is the Monthly ORL #.
The closer we get to month end the more important this level becomes.

142.00-05 is support with qtrly resting sell stops below.
Expect a descent flush if the stops are elected.

TBT…67.76-68.10 is resistance the first time up. This is not an area to press direction or buy into.

GBP/USD…150.32 becomes pivotal into Month end. Watch for direction and trade management.

USD/JPY…100.70 app 99.20 Futures is resistance.

General Comments or Valuable Insight

Click on the glossary to review ORL patterns.

We got stopped out of the TBT, toally on me for not taking a deeper look at the ETF’s and being so focused
on the futures. Bloody thing stopped right at the 200 day and ripped!

The U.S. 30 Yr and the Dollar are trading in tandem. Dollar up/ Bonds down.

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…

Use the Chicago openings to help guide your trading.

Use the 4/30/13 closes for your short term pivots in everything!

Current Positions

Entry                    Stop                            Targets