Stocks...
ALXN,BIDU,CAT,CBI,DECK,ECA,
Bonds
30 yr. Bonds…while Bonds put in an imperfect double top on the bar charts (just missing the previous high by a few ticks) the point & figure shows one.
Price action and a close under 137.22 is needed for confirmation of a high.
FX…
AUD/USD…94.60 is resistance and the closing upside pivot.
There is the potential for a 120 point swing up.
The Futures are trading @ a 34 point discount to cash.
AUD/NZD…broke out last night over it’s 200 DMA @ 108.80. 110.37 needs to be monitored for a trend change (the monthly ORH #)
Commodities…
Gold…strengthens over 1319. 1288 is 200 DMA support.
Oil…the path of least resistance is first up. 103.10-40 is first resistance. 103.90 is second resistance @ the 50 DMA.
That will complete the expected wiggle for this move.
General Comments orValuable Insight
Opportunity will be in the individual names.
Day Traders, trade the time frames and keep taking your money.
The opportunity remains in the individual names.
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Current Positions….
Current Positions….
Long GLD 125 125 Stp Close
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Today’s Working Orders
SELL
GLD @ 125.00 Stop Close “GTC”
