Stocks...
Spu’s…c.loses over 1970 will lead to higher prices
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…99.83 is the continuation 200 DMA which is support the first time down (a do not sell into zone). Closes below this level can lead to a much bigger decline. Sell rallies not breaks.
Grains…July grains expire today. We’ll be monitoring the sector for a bounce.
This will require some patience as the only thing impeding the Midwest growing season is the proliferation of horseflies with recent rains.
General Comments or Valuable Insight
Some of the luster has come off the precious metals this A.M. with positive footing in the European & Asian Bourses.
We’ll take a deeper look at the JJG and the Miners just after the opening today.
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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”