Stocks..

Spu’s…resistance starts around 1619 with the mid to high 20’s possible over the next
2 days on an overshoot..

Bonds…

30 Yr….has been holding the breaks. Look for full point moves. 136.00 +- a few is first resistance. 134.00 + a couple is support.

TBT…71.80-26 should bounce the first time down. This is the area to start to nibble again from the long side.

FX…

We’ve been traveling over the same areas. I have no interest in getting involved.

AUD/USD…maintaining over 93.40 will lead to some short covering.

Commodities…

Oil….needs over 96.25 for higher

General Comments or Valuable Insight

With all the Fed speakers over the next 2 days telling us why the markets got it wrong, the risk to be short Bonds and the stocks would seem skewed against the shorts.

The Dax and Euro Stocks remain stuck in the middle while Japan keeps holding
macro support on breaks.

I was hoping for a big gap lower opening in the Gold today to purchase the miners. The most compelling reason for taking the shot is that every myopic
talking head on T.V. is now bearish. This is the same crowd that were telling the public of the impending moon shot last year.

Always remember that the technical s change before the story does.

Trading from the right side of the market @ key technical levels is the key
to low risk trading.

Being right is a by-product of good trade location.

Just another advertisement for watching the CNBC with the sound off!

Short Term View…

Trade what is in front of you. Don’t fight the flow!

Time to be a technical trader and robotic ally trade the extremes. Forget the fundamentals.

Pay close attention to your time frames and ebbing capital