Stocks...
Equity Indices…the levels were laid out yesterday in the qtrly update.
Nasd 100…should be overextended into 4450-60
AAPL…needs back over 106.10 close for any price recovery.
Bonds...
30 Yr. …bonds can lose steam anywhere into 155.00+- a couple of ticks.
FX…
Euro…108.96 is today’s ORH #. Watch for general market tone. The more risk averse the board is, investors will seek refuge in the Dollar.
NZD/USD…is into support @ 67.50. Kiwi weakens again on a close below 67.30.
GBP/JPY…174.87 is where the macro sell stops are. This cross has potential for a sustained move with a Risk off board.
Commodities…
Oil... 34.50-34.00 is support. 38.99 is resistance.
General Comments or Valuable Insight.
The world starts out 2016 wrong footed.
The hope for the Bulls is that the sell off that started in China ends with the U.S. Opening.
Look to sell failed rallies in the Equity Indices.
GBP/JPY
