Stocks...
All the indices went green last night.
Spu’s…(H) resistance starts at 2038 ( the major mvg averages) on up.
COP,XOM & XLE…all show buy signals.
BUD...shows a buy signal. Mvg avg support is 120.55-119.93 (your downside risk to own). This looks ripe for a move back to just shy of 126.
Bonds...
Bunds...i’m looking for a 157 print +- 10 ticks. They should bounce from here the first time down.
FX…
Euro…is now on a buy signal. 109.90 will act as support and the downside pivot.
110.54 is the monthly ORH#.
Weekly resistance is 111.18 followed by 112.30
(H) futures trade App 28 ticks over cash.
Commodities…
OIL…is on a buy signal for the first time since Sept. 29th. I’m not a seller until 40.General Comments or Valuable Insight.
As usual FANG led the indices which lagged all day.
Focus on the individual names which will trade much better than the Indices.
EURO..
DAX
Crude
QQQ
SPY
Spu’s
Nasdaq
BUD
