Stocks...
FTSE…a close back over 6670 would signal a low. It oversold on the shorter term time frames. The downside looks limited.
VIX…11.75-95 is mvg avg & Fib support.
Bonds
30 yr. Bonds…137.00 is near term support and the downside pivot.
TLT…112.10 is near term support and the closing downside pivot.
FX…
Commodities…
Oil…103 is 50 DMA resistance and the upside pivot. Any price action back into the mid to low 101’s ( particularly a lower low from yesterday) should be treated as a possibler bear trap again today.
GC/SI…Long Gold/Short Silver broke out above it’s 200 DMA yesterday. This simply means that Gold is the feature on the spread and you should look for Gold to lead for a bit.
General Comments or Valuable Insight
Full Moon Trading.
It’s summer time and traders will be heading for the exits early today.
I will be shutting down by 9 A.M. for a major computer upgrade.
Portfolio managers, if the Vix gets into support today, buying some Vix against your long portfolio isn’t the worst idea for a weekend trade.
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Current Positions….
Long AAPL 94.15 92.65 Stp Close 99/110
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Today’s Working Orders
SELL AAPL @ 9265 Stop On Close “GTC”