Stocks...Spu’s ...1849.50-56.50 is a retest level that needs to recover over for any rally.
At some point today i would expect a look at the level which is the old pit lows.
From there it has to power up through those lows for any meaningful price recovery.
Nasd 100…4075.75-4091.25 would be the corresponding area.
IBM…needs back above 126 close for price recovery. It’s currently trading @ 122.20.
112.50 should bounce ( the 50 % retrace from the 1992 low)
Bonds...
30 Yr…..this was sent out the 14th.
Last night’s high into the .618 @ 161.09 can reject the first time up.
Any retrace will come as a result of short covering the in Equity Inidces.
FX…
GBP/JPY...163.88 are the next set of qtrly stops from Jan 2014.
This is a potential trap the first time in.
Commodities…
OIL…Feb contract expires today. March is trading app $1.00 over Feb. Hard to imagine anybody wishing to take delivery. Oil should weigh on the indices until after the N.Y. pit close @ 1:30 CDT
General Comments or Valuable Insight.
It’s the mid-week shuffle, expect a big two way trade.
Those playing the earnings reports should take their money when they’re shown it.