Stocks...
Nasd 100...4390 is resistance.
Spu’s…we’re stuck. We’ll need to see sustained price action and a close over 2012 to grind higher.
Bonds …
FX…
AUD/USD…point & figure shows a good close over 74 cents is needed for higher. Low risk support starts closer to 72.00. This is the first reversal ( break ) since the unemployment low. This could take another day before I can determine if the rally is over or just a pause.
Commodities…
Oil…46.60 seems to be a descent low for a bounce. Sustained price action over 47.25
is needed for a dollar rally.
Gold…1135 +- a few is the general level that is attractive to buy before you sell.
General Comments or Valuable Insight
Last night’s sell off in Risk assets is waning. Take your Que from New York.
