Stocks...
IWM…Russell @ 117.50 has a potential weekly double top. There will be resting buy stops above this level.
Bonds
30 Yr. Bonds (M)…137.02-04 is near resistance and the upside pivot.
FX…
Euro…is trading oversold, which means it’s a sell on 60-100 point rallies/not breaks.
Commodities…
Oil… 104.70-105 is the level to hold on breaks to keep the up move intact.
Natgas…monthly resistance is app 4.95. The chart still looks friendly to higher prices.
Gold… 1260 is short term support and the closing downside pivot. 1275 is short term resistance. Once above it could trade back to the 1286-88 mvg avg resistance.
Grains…are all oversold. A mid-week bounce would be normal.
Cattle…(M) the chart shows an ORL day after a 10 cent rally off the 200 day. Traders have cashed out and this needs to digest before another move.
General Comments orValuable Insight
I would expect a fairly slow day until this afternoon’s Fed statement and press conference.
I’ll put out some comments later in the A.M. after I’ve had a chance to clear out the fog from yesterday’s meetings and travel.
Opening Range Time Frame Trading again today.
Short Term View…
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical s.
Current Positions….
Short Euro 136.31 136.85 GTC 133.70
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Today’s Working Orders
BUY Euro @ 133.75 OCO 136.85 Stop GTC ( Good Until Canceled)