Stocks...
Spu’s…2110-12 has to hold to avoid profit taking.
DAX…11,860 is resistance and the upside pivot. 11,500 is support, below there is room for a deeper correction.
SHCOMP…broke to test it’s 21 DMA before recovery last night @ 4466. This will be a key closing level to maintain a bullish tone.
CBI…this is a buy against 52.55. It’s had a nice retrace. This is an opening range candidate for a buy today.
Bonds …
FX…
EURO…109.95 will act as resistance and the upside pivot.
SFAM…106.67 is the corresponding level. (93.84 USD/CHF)
EUR/JPY… 135.70 + a few is resistance. 137.17 is the 200 DMA.
AUD/USD…76.25-40 is support. Closing below this level would be needed for a new leg down.
GBP/USD…151.55 is support and the weekly momentum level for more downside.
Bonds …
FX…
EURO…109.95 will act as resistance and the upside pivot.
SFAM…106.67 is the corresponding level. (93.84 USD/CHF)
EUR/JPY… 135.70 + a few is resistance. 137.17 is the 200 DMA.
AUD/USD…76.25-40 is support. Closing below this level would be needed for a new leg down.
GBP/USD…151.55 is support and the weekly momentum level for more downside.
GBP/JPY…188.35 is first support. Below there is room for more profit taking.
EUR/AUD…143.55 is 200 DMA resistance. I would not be looking for follow through.
Commodities…
OIL…57.00-57.25 is the support zone and the Closing downside pivot.
General Comments or Valuable Insight
Today will be all about the early economic data @ 7:30 CDT.
Indices either hold the first break or they don’t.
By holding early the names that have been leading should remain bid going into month end markings.