GBP/USD…buy stops are just over 156.10. Once above look for 157.30-60.
Daily support and the downside pivot is 155.25. Below, look for a figure to the low 154’s.
EUR/GBP…macro sell stops are under 83.90
Euro…131.32 is support and the downside pivot. Weekly resistance and the closing upside pivot is 132.10.
Spu’s…We’ll need to see sustained price action under 1619 for any downside to materialize.
30 yr. Bonds…147.08-12 is resistance today. This will also represent a retest of the weekly ORL.
General Comments or Valuable Insight
It’s continues to be an individual stock pickers game with traders being rewarded for adding risk going into reports. All the Alpha has been in these individual names as evidenced by WFM,TESLA ect.
Traders will be waiting confirmation of job growth from the weekly employment #’s this A.M. Don’t expect to see much until 7:30 CDT release.
9:30 CDT Natgas inventory will be released.
3.75-3.80 is an area to expect a bounce on a big build in inventory.
Game Plan…
We’ll be looking at the short term resistance in the 30 Yr. for clues to the next move in the Equity Indices. Today, like last Thursday, will be about how and where the Indices hold on weakness.
Short Term View…
Use the 4/30/13 closes for your short term pivots in everything!
