Around the Globe
- Asia – CLOSED
- Shanghai (China) – Closed
- Hang Seng (Hong Kong) +0.31%
- Nikkei (Japan)-0.09%
Europe as of 7:34am EDT
- DAX (Germany) +0.00%
- FTSE (UK) -0.44%
Today’s Economic News:
Decent data out of Japan for a change. Light on news fro Europe. USA GDP and Michigan today will move the markets.
Quote of the day:
My definition of a free society is a society where it is safe to be unpopular. – Adlai E. Stevenson Jr.
Current Allocations from our room:
Performance Month to Date from our room:
Current Breadth Readings:
The bulls continue to push the breadth, but the 50 DPI is nearing extremes so we should start to get some buying pullbacks, but still move generally to the upside.
ES SP500 Futures Comments:
The 1329 sell area was well placed yesterday and we are now squeezing that down to 1325 area as we think a couple of more days of weakness are in store.
The markets moved down to the 1.5% first buy area which has held. We will watch that area today for buyers but are more interested now in the 2% area which if we are right should mark the extreme that a bull leg like this can correct to. So eyes on 1303 with a glance at 1306 if we approach that area.
Europe did not support our sell of today, so the question is will Europe pull us up or will the US resume some profit taking. If we rally to a gap open based on GDP news, we will be shorting in or around today’s short zone.
US Dollar DX Futures Comments:
Wait and see today on the dollar. GDP data out at 8:30am will have the dollar into its next move. Downside we are watching the 78.63 area. 
TLT Twenty Year Bond EFT Comments:
A little upside expected topping out in the 118.50 area where we consider a reasonable short area. The next two days should have us interested. A break above 118.50 and this puppy ain’t dead yet.
>>> Follow us @TopTickTraders <<<<<
DISCLAIMER: The information and data in the following report(s) were obtained from sources considered reliable. Opinions, market data, and recommendations are subject to change at any time. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any commodities or securities. TTTHedge.com, its officers, directors and its contributors may in the normal course of business, have position(s), which may or may not agree with the opinions expressed in this report. TTTHedge.com, its officers, and directors are not agents, representatives, or affiliates of the CME Group or any trading entity. Trading Futures, Options, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
