Stocks...
Spu’s have to close below 1965 front month for lower.
Bonds..
30 Yr….161.19 is the bottom of this area with all new weakness below.
163.14 is resistance.
163.14 is resistance.
Bunds…right here it’s hard to gauge whether they can get back over yesterday’sbreakdown level of 162.10 and mount a rally. Failure to get above 162.10 opens
the door to 160.52-55 gap from 1/16/16.
FX…
Euro..has done nothing but come back into the soup.
Commodities…
Gold...is trading @ yesterday’s reversal close.
There was no volume on the short lived 16 dollar rally just after Japan opened just as there was no selling below 1245 yesterday.
Stuck in the middle.
General Comments or Valuable Insight
Oil #’s remain the same. It finally got up to the 38.99 level, just not in the order I anticipated.
Nevertheless we’re here. I need to see sustained price action above 39.00 for higher.
Equity Indices are coming right into the resistance zones again.
I wouldn’t get too excited about today.
Currencies will be in play Monday with the beginning of expiration week.