Stocks...
Spu’s…2031-34 is resistance. A close under 1984 is needed for lower.
Nasd 100...4577-80 is resistance with price action and a close over 4605 needed for higher
Bonds...
30 Yr. Bonds…156.00-.02 is support and the downside pivot. 157.24 starts resistance with closes over 158.00 needed for higher.
FX…
Commodities…
Oil... Nymex expires today. Markets are thin and the past couple of expiation’s have seen 2 dollar ranges.
(G) February is front month. It currently trades at a $1.32 premium to January.
Natty…Price action over 1.92 is needed for bottoming action.
GOLD…has a double bottom @1046 on the Point & Figure charts.
1072.50 is the Qtrly ORL #. We’ve been back and forth through this level for several weeks. It only has significance the last trading day of the year going into January.
General Comments or Valuable Insight.
The one Equity market that acts well is the Shanghai Comp. Just goes to show you what happens when the government paints the tape.
I would expect more of the same for the next couple of weeks. Lots of Lemming Effect trading.
If you must trade keep to a level where you can manage your risk of walk away.