Its starting to look like the main stock markets are beginning to roll over.

Yesterday was the first day this year that we have seen the main American markets close on their lows, helped by Apples big intra-day reversal. I am now looking to go short against yesterday’s market highs in the various stock market indices.

S&P 500

I am moving my sell area down to 1340/1345 with a 1358 stop. My plan will be to add to positions on a closing break of 1330 looking for a test of 1310. We still have a gap from 1321 since non farm payroll numbers were released.

Euro

The Euro gave me a sell signal on a close below 1.31. There is good support at 1.2970 and 1.2870 which is key.

Dax

We got our sell extreme from 6830. Good support at 6650 and if we break this level I am looking for a quick move to 6500/6550.

FTSE

I am planning on shorting the FTSE around the 5840/5860 level with a 5900 stop.

Gold

Still waiting for a break of 1705 to go short.

Crude Oil

Still bullish as long as we stay above 10040.