A.M. Look 8/25/14

Stocks...
Targets remain the same.
DAX...94.77-95.15 is weekly resistance and the closing upside pivot.
Bonds
30 yr. Bonds...140.29 is the top of value and short term resistance on the point & figure charts. Once above, look for 142.00
FX…
Euro...is trading short term oversold. Sell rallies not breaks.

Commodities

OIL...94.80-95.00 is resistance. Look for price rejection here the first time up.


General Comments or
Valuable Insight

I would expect the price action to be similar to last week with only a small back and forth and going into the end of the week which is month end.

I’m attending meetings today through tomorrow with intermittent broadband.

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