A.M. Look 1/16/18

We have weekly breakaway gaps in the equity Indices to contend with.

Initial Support will be at Friday’s closes.

The Spu’s have achieved their upside price target projected @ the end of the 3rd qtr 2017.

FANG, China Tech and UNH are leading the rally.

Names associated with Blockchain or crypto currencies are down trading with Bitcoin.

Silver traded just shy of the Nov 2017 high of 17.48 and failed. Metals will take a while to regroup as they’ve lost momentum against the major currencies.

Oil put in a new high for the move last night before profit taking ensured.

Currencies have had a big run. It would take price action lower on the week @ 121.99 in the Euro to elect more.

Bonds…no change. It will take closes under 160.20 in the Bund with matching closes under 150.00 U.S. 30 Yr. for another run higher in rates.

Any back and fill in the U.S. Equity Indices will keep a bid tone to the interest rate Futures.

Let the U.S. session set up.

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