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…are just swinging back and forth around the 200 DMA.
FX…
GBP/USD…158.35 is resistance.Euro…111.40 is mvg avg support.
EUR/AUD…143.90-60 is support and the closing downside pivot.
Commodities…
General Comments or Valuable Insight
We’re in a Risk On/Risk Off lemming effect paradigm as long as this Greece drama continues.
We witnessed another Risk off day led by the small caps right into support, followed by an about face starting with the end of the U.S. capital flow.
Yesterday’s closes should be used for Risk management for index traders.
The Equity Bond spreads held in the U.S. and Europe.
