Stocks...
The indices have done their thing both ways over the past 2 Globex sessions.
From the 200 DMA in the Spu’s @ 2012 to 2040 closing resistance.
Closing over 2040 is needed for a 30 point swing up into the end of the qtr.
Individual names will perform better than the Indices.AZO & ORLY, AMZN, FB & CAT are good candidates for continued strength into the end of the qtr.
Bunge put in an ORH day Thursday with the Grain rally.
It’s worth keeping on your radar for possible follow through.
Bonds..
Bund…163.36 is 50 DMA resistance. Price action above 163.72 is needed for an upside
break out.
FX…
AUD/JPY…needs to sustain above 85.60 to keep momentum.
This is a Risk On cross when it’s going up.
Yen Futures…87.95 is the closing 50 yard line. Good above / negative below.
88.70 is daily resistance.
Commodities…
Gold…1197 is the 50 DMA with 1238 being resistance. Friday’s Unemployment data will be needed to break out of this range.
General Comments or Valuable Insight
With Europe closed the Equities will take into the U.S. session to pick up again.
When the lone ranger walks into the office today to turn on the Bots trade will pick up.
Longs are content/Bears are frustrated.
Be patient and let the day unfold.