Stocks...
AAPL…117.50 is the low risk buy level.
Nasd 100…4882 is the 2000 high. The talking heads are myopically focused on the cash, when it’s the continuation Futures prices that matter.
A hold in the Indices after the fed Wednesday will put this # in focus for year end.
4555 is the key support to hold for a firm year end close.
Bonds...
30 Yr & TLT..when the Dollar goes bid the Long end of the curve gets bought on the carry trade.
Not a fan of selling weakness in the long end of the curve.FX…
Euro…the major levels coming down will be the same as those going up.108.00..107.40..106.90. These are levels to cover shorts and only look for small bounces.
EUR/AUD…hasn’t rallied anywhere. Closing under it’s 200 DMA @ 148.12 leaves way for an initial 146.70.Euro is still the weak one.
Commodities…
Oil…sustained price action and a close below 39 should lead to another 3 dollar break.
General Comments or Valuable Insight.
ECB looked to be in right on the London Opening buying Bunds, supporting the DAX and weakening the EURO.
Sell rallies in the Euro. The Dollar should have a bid tone into the FED next Wed.
U.S. Equities… stay away from energy until next year and stick with FANG and other non interest rate sensitive names on breaks.
Nasd 100…Annual
Nasd 100…semi-annual
