Stocks...
Nasd 100… 4555 is the low risk buy zone. Closing and holding above 4686 is needed for a test of the all time high of 4882.
DAX…holding above 10,927 will keep the Dax firm.
Spu’s…are now caught between 2089 & 2065 on the P&F chart. New sustained price action above or below is needed to elect another move.
Bonds …
30 Yr. Bonds...156.17-22 is resistance, right at the channel break down #. Above the Bonds will come right back up into the middle of the recent range, closer to 157.13
FX…
Commodities…
Gold...needs above 1143 to run any of the shorts out.
There was some liquidation of Gold in Early Asia when the Yellow metal fell 6 bucks and straight back up in short order.
General Comments or Valuable Insight
Time Frame Trading…
The board was Risk off in Asia and Risk On going into London.
Last night I thought that the Spu’s would probe into the 2050’s and the Bonds up into the mid 157’s. So much for that.
We’ll have to see how strong the Monthly Fund buying will be in early U.S. trade.
You have to be a real believer to trade in here. Big picture, the Spu’s still need a couple of closes over 2130 for higher swing counts.
S&P 500 Point & Figure
