Stocks...
Spu’s…need over 1954 to rally anywhere. 1931 is the weekly ORL# on a daily chart, not a continuation. Nevertheless, that is what is needed for weakness.
LNG…the end of month marking started yesterday.
GPRO… this was a classic opening range trade. Buy it @ 29 with a .50 cent closing stop if it ever gets back there.
Bonds
30 Yr. Bonds…136.12-14 was resistance and is now support.
I’m looking for 138.04 to be tested for a possible right shoulder on a weekly chart.
FX…
EUR/JPY…137.50-60 is weekly support.
General Comments or Valuable Insight
Follow the Bonds. As the Bonds rally they will keep the Yen & Metals firm.
It’s summer in the city. Although Chicago has been more akin to San Fran with fog banks the past couple of days, trading will be light after London’s close.
Just you and the Bots.
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)