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... 34.50-34.00 is support. Working through and closing below 34.00 is needed for another leg down into year end.
General Comments or Valuable Insight.
Less is more…The Spu’s are attempting to trade into the above listed resistance. Only closing above those levels will you see some year end window dressing.
Holiday schedule….I will be away from the screen for the rest of the week.Starring at the screen from 4 A.M. every morning isn’t going to give me any new ideas in holiday markets.Time to take a head break for a few days, start preparing my 1st qtr 2016 technical road map and get ready for another year.
Dreaded screen stare is setting in.
If there is anything specific just send me a note and I’d be more than happy to take a look.
There will be no further scheduled research this week. Of course , I will write something if markets so dictate.
Wishing you a Happy Holiday!