Stocks...
Nasd100/30 Yr. Bonds…put in an ORL day while the Nasd 100 Futures bounced off it’s reversal low of 4383.75 late yesterday only to fail overnight.
Today’s daily targets are 4350 followed by 4324.
The weekly spread is attempting to break down.
Bonds..
FX…
Commodities…
Crude…is filling it’s gap @ 39. This could extend to 38.60.
This needs to close above 39 to keep upside momentum.
General Comments or Valuable Insight
There was a lot of Dollar buying again last night that has abated in the last hour with the dollar now weakening.
Pretty much everybody is done and squaring positions in Europe.
Money never sleeps and it’s not going under the mattress. It’s been going into treasuries.
This picture has little chance of changing today with everybody out the door.
There is simply no place else for the money to go ahead of a long weekend.
I’ve looked at a lot of the sector ETF’s this A.M.
It’s a mixed bag with Utilities looking to be strong into month end.
I’ll put out a video Sunday.
My volatility charts have not confirmed a sell signal in the Equity Indices. They just showed overbought readings.
Globex closes at the normal time today with the Pit sessions closing early.
Volumes will be ultra light!!!.
Have a great Holiday weekend!