Stocks...
Spu’s…short term sell stops are below 2064 support which if elected would open the way for a retest of the 200 DMA and unchanged on the Year in the Mid 50’s.
ULTA…169.60 is support and the closing momentum #.
Bonds …
TBT…the low risk buy level is 45.20 just above it’s 200 DMA.
FX…
AUD/USD…is approaching it’s resistance level @ 71.70 the downside channel.
EUR/AUD…remains under pressure below 150.65.
Commodities…
Gold…1090 is short term resistance. Only price action over this level will lead to any short covering.
OIL…price action below 42.75 leaves the way open for an initial dollar lower.
General Comments or Valuable Insight
Asian Euro rallies have been met with Euro selling in London.
The morning is full of Fed speakers with Yellen scheduled to speak on the New York opening. This is when the Currencies & Bonds should get active.
The Equity Indices are being held up by a few names.
Keep looking to Americas favorite activities, Binge drinking (BUD & TAP),shopping (AMZN),channel surfing (NFLX ) & voyeurism (FB).
AUD/USD
BUD
