Stocks...
Spu’s… 2095 + a few is cloud & mvg avg support. A close under this level is needed for more downside.
Nasd 100…4550-60 is the low risk buy zone.
AAPL…this is a long with a 122 stop. Buy on any dip with a tight stop.
Banks…have been steadily going higher through earnings. Today it’s Credit Suisse up 7%.
Bonds …
FX…
Euro…110.00-33 is resistance.DXE..97.02 is support in the dollar index.
NZD/USD…67.00 is mvg avg resistance. This is the downtrend mvg avg it’s been under since May 1. New closing strength over this level is needed for further profit taking.
Commodities…
Brent...57.50 is resistance and the upside closing pivot.
WTI…50 +- 20 ticks is resistance. I need to see a close over 50.50 for any upside to materialize.
Gold…is having a relief rally from a very oversold condition. This is trading with the dollar.
General Comments or Valuable Insight
Gold has had a relief rally with Dollar profit taking. Is that all there is?
Keep your eye on the Dollar, for more profit taking could lead to the Gold rallying to 1120, the low risk sell zone.
Spu’s double bottomed on the Point & Figure @ 2103 just before the NYSE close.
Pattern sell stops are now here.