Stocks...
Spu’s….near term sell stops are below 1898.50.
There was one short covering rally into London’s close.
DAX…looks set to retest 9067.
Bonds..
30 yr….168.11 is the high close for this swing.
FX…
AUD/USD...71.62 is near support and the downside pivot for further weakness.
Dollar Index…97.61 is support.
British Pound…Brexit says it all.
Commodities…
OIL…remains weak under 31.50.
Gold…the correlation continues…Weak Equities /Strong Gold.
The wave counts show an attempt at the last high is within reach.
General Comments or Valuable Insight.
Weak Equities = Strong Bond Futures = Strong Dollar=Strong Gold.
I’m not looking for this direction to abate going into month end.
Now that Equity Indices are back lower on the week, use any short covering rallies to participate.
If there are any individual names you’d like coverage in please let me know.