Stocks...
Spu’s…
Nasd 100..
AAPL…
The Indices and AAPL are flashing oversold and trying to turn up for a mid week bounce.
I’m not reading anymore into it than it’s attempting an oversold bounce into Options expiration Friday.
Last night’s retest lows were as good as any, however I would state that these signals have tried to flash green for a rally since Friday only to disappear intra day.
Every two hours last night the board dramatically changed from Risk On to Risk Off.
There is clearly bottom fishing going on.
UVXY has been a good technical tell for the Indices. This moved 10+ % both ways yesterday. It topped and broke hard before the Indices rallied.
Bonds...
30 Yr. ... 157.14 is the level to look for the bonds to print with a big drop in the Indices.
This fills the gap on the U.S. session chart.
FX…
GBP/JPY...is the feature in the currencies with the Pound leading the cross.
Commodities…
Gold…1087-89 was resistance and the last upside breakout level. Stops should take it into 1984.
General Comments or Valuable Insight.
Let the day set up into the U.S. session.
I would expect another violent 2 way session before direction is sorted out.
Owning U.S. names is a dating game.