Stocks...
Bonds …
No desire to be short!
FX…
Commodities…
OIL.. 46.30-40 is near term resistance. Closing under 44.97 ( the 50 DMA) will bring out the bears.
Gold...I got stopped out at break-even. I remain bearish the metal on rallies. Tuesday’s rallies failed to get higher on the week for the pit session which will keep me looking to sell sharp rallies against 1182-84
General Comments or Valuable
Both the Spu’s and the Nasd 100 are flashing sell signals.
I was cautious coming into the week and today’s ORL in the Spu’s is a big red flag.
Spu’s…sustained price action and a close below 2008 will open the way for lower.
Nasd 100 needs a close under 4386-90 to have a good sell off.
There are important earnings after the close. AMZN GOOGL et al.
Whether or not those few names can save the board remains to be seen.
I’m still under the weather from a surgical procedure so this is going out tonight rather than the A.M.
Nasd 100
Spu’s
