Stocks...
Spu’s…(U) 2126 will act as resistance and the upside pivot.
2090 is support. I would not be looking for more weakness unless we closed under this level.
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…4099 is the monthly ORL #.
NFLX...652 is pattern support. The price action is similar to AMBA earlier in the week where is had an almost 2 day 30% sell off just shy of it’s 50 DMA and bounced hard.
Any weakness should be bought, using this level for risk management.
Bonds …
30 Yr. Bond…are just swinging back and forth around the 200 DMA.
FX…
AUD/USD…77.60 is overhanging resistance which has been capping rallies.
76.00 is the low end of the range. Pay attention to the SHCOMP for if this fails to rally from it’s current level the antipodean currencies will get hit.
Commodities…
GOLD…1165 is where the long term Point & Figure stops lie.
General Comments or Valuable Insight
Investors are sanguine about the Greek drama, making Investors reticent to buy until the headline risk is over.
The game remains the same, Healthcare & Social Media names remain insular to interest rate adjustments or geopolitical machinations.
Look within the names of the sectors for opportunity.
