Stocks...
Spu’s…the P&F breakdown level is 2064.
UNH…114 is near support. Resistance and the upside momentum level is 118.00.
FB…yesterday’s low was important for FB could not fill it’s earnings gap @ 104. This shows strength with definable risk parameters to manage new long positions.
NFLX…stay with the names in an uptrend.
GS…stays firm above 195.
NTRS…yesterday’s low should be used for risk management. Look for the quality Banks to hold the breaks and go higher into year end.
Bonds …
TBT…the low risk buy level is 45.20 just above it’s 200 DMA.
Bund…156.70-80 is today’s resistance level. Do not fade closing price action above.
FX…
EURO....is trading close to unchanged on the week, waiting for Draghi comments @ 1:15 GMT P.M. London today.
Short Euro positions are being reestablished against the GBP & Aussie prior to the BOE event.
Commodities…
Gold…has been putting in weak higher highs for the past two overnight sessions only to find willing sellers. Price action below 1085 should lead to another bout of selling.
General Comments or Valuable Insight
The point & Figure in the Euro shows the first relief rally in 9 days.
Breaking through yesterday’s lows in the Euro @ 106.80 will lead to another leg lower.
Northern Trust
NFLX
FB
EURO
Spu’s
