Stocks...
Spu’s ...1909-13 is the exit zone for new longs. Sustained price action above this level is needed for higher.
Spu’s ...1909-13 is the exit zone for new longs. Sustained price action above this level is needed for higher.
MCD...earnings are out in pre-market. This name has held up well during the sell off.
AAPL...earnings are out after the close tomorrow. AAPL needs to sustain over 101.50 for another run up.
BUD...needs above 122 for more upside.
Bonds...
30 Yr…..158.09 is support and the downside pivot.
FX…
Canada…is trading with the Oil. 70.61-81 was the highlighted resistance from Friday.
141.50 ish USD/CAD.
Commodities…
OIL...32.97 is the retrace 50% fib for the month.
XLE…is doing the same swing as Oil.
General Comments or Valuable Insight.
It’s earnings season. Stay focused on the big names that have sold off the most.
The Equity Indices will be tough trading into Wednesday afternoon Fed minutes.