Stocks...
Spu/Bonds...held it’s 50 DMA which lines up with 3/1/16 Spu close of 1977.90.
Bonds..
30 yr….162.14-15 is support and the daily gap from yesterday.
FX…
Euro…short Euro/Long every other currency with the exception of the Suisse
Euro weakens further by sustaining price action under 109.40.
Canada…has so far rejected it’s 200DMA @ 75.44, however as long as it
stays above 74.37 it can hold up.
This is trading with the Oil.
Commodities…
The Miners have topped. Sustained price action under 26.85 confirms a correction.
Oil…36.06 is support and the downside pivot.
General Comments or Valuable Insight
The board went risk on at Japan’s opening with a quick 10 dollar drop in Gold.
Oil needed under 36.06 late yesterday for an ORL day confirming Risk off.
Didn’t happen. Now we’ve just completed a 50% retrace of the past 2 sessions @ 37.20.
This whole day will be posturing before tomorrow’s ECB meeting.
Given this will be a big mid-week shuffle going into tomorrow A.M. trade the flows and take your money.