Stocks...
Spu’s… 2020-23 is closing resistance.
Nasd 100…the measured full swing count for this move off the low comes in @ 4720.
DAX…11,630 is cloud support. With the European bond rally this A.M. this is a low risk level to trade against looking for an initial move to 11,938.
Bonds …
30 Yr. Bonds…151.16 is support. 152.28 is today’s first resistance.
TLT…118.70 is mvg avg resistance.
FX…
NZD/USD…Kiwi is having an oversold rally. Price action and a close over 66.35 would have me think this is bottoming.
Commodities…
OIL…the roll has begun. (U) Sept. Will be the active month with August expiring tomorrow.
Brent...57.50 is resistance and the upside closing pivot.
Gold…had a big capitulation move last night. Quickly selling off 50 dollars before a rebound back over 1,100.Looking at a semi annual chart, Gold is into mvg avg’s that it hasn’t seen in 11 years.
This bears watching for new direction from this level.
General Comments or Valuable Insight
It’s all in a name for the next 2 sessions in the Equities.
Tomorrow’s calendar has EXAS,MSFT,LMT,ILMN,ISRG & AAPL to name a few.I’m looking for the Indices to grind higher with some names popping into Wednesday.
Then we shall see what the mid-week shuffle brings.
Later in the A.M. I’ll start to review the weekly options in the individual names.
