Midday Missive

DXE..97.00 is resistance in the Dollar Index. That’s just a heads up that most of the Dollar strength looks to be over for the early part of the day.
30 Yr. Bonds held the 200 DMA. That could set up to be a big low on a retest of yesterday’s London lows.
Equity Bond spreads are still holding up in the U.S.
LNG…held a big support level on it’s lows. There has been some bottom fishing in other energy related names like GLNG.
As one would expect, the spike in yields has led to a rip in the Banks.Equity Indices didn’t quite get down to the lower risk buy levels.
It’s a long day. Do not fade back above the opening range.

OIL…the low is good @ cloud support.

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