Midday Missive

30 Yr. Bonds…a close today above 128.25 puts in an ORH day in the Futures.
USD/JPY…is attempting an OR Day as well. The Yen is catching a bid as the Yen crosses are being liquidated.
Price action below 104.60 USD/JPY...Over 95.60 Futures is needed for follow through.
OIL…96.25 is the 50% Fib for past 2 months. This is a level to cover shorts or look for a bounce.
AAPL…as long as there is no close below 540 we’re keeping a small core Long.
SSO…It’s going to take more than an hours worth of price action for us to move out of this position.
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