A.M. Look 7/21/14

Stocks...
Nasd 100…could slide back to 3885-90 and be good after Friday’s ORH day.
FTSE…is caught between 66653 & 67160. This needs above or below for follow through.
NEOG,VIVO,NBIX,THRX,ABBVIE,AGN…are reporting in the biotech world today. NEOG looks to have the most potential with Friday’s  ORH day.
TESS…Tessco Technologies reports today after putting in an ORH Friday.
SCIF…50 is resistance and the upside closing pivot.
VIX…11.75-80 is mvg avg support.
Bonds
FX…

USD/CHF…89.50 is mvg avg Dollar support (Futures resistance @ 111.85)

Commodities

Gold…strengthens over 1326. 1300 is support.
Oil…102.50 is today’s P&F support.

General Comments or Valuable Insight

It’s going to be an earnings driven day. I’d look to the aforementioned names for opportunity playing the little lotto.

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Current Positions….

                     Entry     Stop                    TGT

Long GLD                           125       125   Stp Close

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Today’s Working Orders

SELL

GLD @ 125.00 Stop Close “GTC”
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