Stocks...
Spu’s…(U) 2126 will act as resistance and the upside pivot.
Dax…11,250 is the low risk buy level. This is the spot to buy the Dax with a tight stop.
11,560 is the 50 DMA.
SHCOMP…will need sustained price action over 4750 resistance for higher.
Bonds …
30 Yr. Bond…149.13 is the 200 DMA. The level will be pivotal all day.
FX…
GBP/USD…158.35 is resistance.
Commodities…
Oil..remains in a range with higher lows. Buyers if hard breaks are still being rewarded.
60 is near support and weakens below. 52.50 is resistance.
General Comments or Valuable Insight
The major U.S. Indices are parked. IJT small cap is in need of some back and fill as this is getting overextended.
GS,NFLX,UNH,VRTX,FB are the names that are attracting positive flows which should last into the end of the qtr.
2-3% weakness will provide lower risk trade location for another leg higher in the above names.
