Stocks...
Spu’s…1854 is resistance, half way back on the week. You would not want to see price action much above that.
GOOGL...the short covering started here late day yesterday. You’d need closes over 713
for the short covering rallies to become something more.
Nikkei...starts closing below 16,000 there is not much for another 1000 points.
Bonds..
30 YR. ran the macro pattern buy stops in Asia. Sustained price action 165.00 is needed for a 2 point break to 163.07 which is daily trend support.
If the Bonds hold in here above 165.00 + a few the Equities will remain under pressure.
Bund…163.57 is trend.
FX…
AUD/USD…70.20 is support.
Commodities…
Gold..as long as the equity rallies fail the Gold breaks will hold.
Hogs…are attempting to put in a short term high. The April only contract is trading
right on it’s 200 DMA. The continuation shows room for lower.
General Comments or Valuable Insight.
General Comments or Valuable Insight.Spu’s have tried up into the 1850’s 3 times in the past 12 hours and failed.
After another 3 day 100 point break you have to be aware of the algos unwinding positions late day and running short term players out of the market.
Expect more two way trade. Sell rallies.