Stocks..
Spu’s…Sustained price action over 1655.75 is needed for any upside to materialize.
Nasd 100…technically looks more vulnerable if the rallies fail at 3090.
Bonds…
30 yr. Bonds…129.11 +- a few ticks is where any shorts should look to cover the first time down.
FX…
Investors continue to favor long EUR/JPY & AUD/JPY as the way to
trade the Currencies.
EUR/AUD…needs to close over 146.30 to think the Aussie is done rallying.
Commodities…Silver…the upside seems limited to 23.80 form here. Price action under 22.80 would be needed for signs of the rally stalling.General Comments or Valuable Insight
The metals and miners have had significant moves. They are both in areas where you want to tighten up your trailing stops. Tomorrow, going into Wednesday can see this current up move stall out.U.S. and German rates have climbed significantly over the past week.
Both the Bunds and the 30 are getting oversold on the shorter term
time frames, which simply mean that selling weakness at these levels is less likely to be rewarding.
The mid week shuffle this week has the potential for opportunity given it coincides with a Full Moon.
Short Term View…
Trade instruments off their own technical s
Time Frame Trading.