Stocks..

No change…Spu’s & Nasd have given me all the expected price action I’ve been waiting to see going into qtr end. (They’ve both hit all my # sets) Range trading should prevail.

Bonds…

30 yr. Bonds…136.06 + a couple is the next upside area.
Expect daily ranges of at least a point.

FX…

Commodities…

General Comments or Valuable Insight

Bonds are leading and they are attempting an over sold bounce. All the Quants
are long the treasuries. They started buying last week and have not stopped.

The big rebound area is 137.15-139.00. The chart pattern is trying to base out so do not sell weakness but failed rallies. You’ll be able to make money trading from either side of the market at the extremes…Not in the middle!

Bonds need to maintain a full 3 points off yesterday’s low to change direction, which is our first resistance area. I would look for the hard breaks to hold going into tomorrow for an attempt higher.


Short Term View…

Trade what is in front of you. Don’t fight the flow!
It’s ok to miss a trade no matter how painful it may be to your psyche.

Time to be a technical trader and robotic ally trade the extremes. Forget the fundamentals. The rest of the week will be full of data and FED speakers creating volatility.

Pay close attention to your time frames and ebbing capital flows.

Note…we always write a stop with any instrument we‘re interested in. As the instruments become profitable those stops should be raised to your entry level so you don’t lose money.