Stocks...
Bonds …
30 yr. Bonds...look to be headed to 156.20 +- a few, right where it took off from yesterday.
The Long term Point & Figure shows that price action below 155.00 is needed for a trend reversal lower (higher yields)
FX…
Euro...is stuck between 111.20 and 113.00. This needs price action and a close either above or below for new direction.
Commodities…
General Comments or Valuable Insight
The extremes are still being put in during late Asia about an hour before London opens.
The Equities are setting up for an oversold bounce.
Given the severity of yesterday’s cascade of selling the question is how high the bounce is going into tomorrow’s qtrly close.
30 Yr. Bonds
