Stocks...
Spu’s…1990 is resistance. Do not fade above.
RAX…another name that bottomed with the Indices. Price action and a close over 28.25 is needed for additional upside.
Bonds …
30 Yr & Bund… formations seem friendly. It’s a Risk On/Risk Off board with the Bonds holding.
FX…
AUD/USD…71.65 is today’s 50 DMA support and downside pivot. With U.S. Equity Index weakness this could roll back down to 71.00+- a few.
Commodities…
Oil…50.16-35 is near resistance. 51.10 is the 200 DMA. Weekly moving averages show closes over 50.50 is needed for another leg up.
Below 47.70, 46.65 is today’s low risk buy level.
Silver...below 15.57 there is room for a retest of 15.20General Comments or Valuable Insight
I’ve been starring at the board for the past couple of hours and it’s not getting any clearer. Void of good ideas.
Keep it simple and take your Que off the New York opening for early direction.
Equity Indices are stalling out garnering interest in Bond buying.
Spu’s need to get above the 50 Day for the Bonds to roll over or at least temporarily loose their bid.