Stocks...
Nasd 100….4360 is resistance. A retest of 4265 would make for a low risk buy.
NFLX…12% since last Wednesday. Anything into 101 is pretty good resistance
AMZN...585 is mvg avg resistance and a 50% rally off it’s FEB low.
DAX…will see profit taking today under 9721.
Bonds..
30 Yr…164.05, yesterday’s ORL # is the low risk sell level today.
Bunds..are bouncing off 165.00 which is good support and the closing downside pivot.
FX…
Commodities…
Oil…I prefer buying the hard breaks. 32.20 ish is the low risk buy level.
Oil still needs price action and a close over 35 for more upside.
Gold…1225-26 is near support. Below there is room for another 20 dollar sell off.
General Comments or Valuable Insight.
7:15 CDT is ADP…
9:30 CDT is Oil inventories.
It’s the mid week shuffle.
Fang names are coming into resistance along with the Nasd 100.
We’ve just rallied a full 100 Spu points from last Wednesday’s low.That’s a big standard deviation move and it doesn’t pay to indiscriminately add risk at these levels without some back and fill.
Further perspective…4370 Nasd 100 & 1964.75 Spu’s was the January unemployment high.