Stocks...
Spu’s…below 1980, 1961-3 is the next extreme. It’s a cover zone that should bounce the first time down.
AAPL...94.77 is semi-annual trend with macro stops below 92. @ 40% off last year’s high it’s a good place to look for a bounce on a panic today.
Bonds...
30 Yr. ..will trade opposite the Equity Indices. Stops above 155.14. 157.15 -158 is the level to look for the bonds to exhaust.
Bund…160.69 is the life of contract high. I wouldn’t be surprised to see that with further risk off.
Then you’ll need to re access.
FX…
Aussie & Kiwi crosses are trading in tandem with a risk Off board.
Kiwi…coming into 66 is weekly congestion. It’s just a level to not press direction into the first time down.
Commodities…
Gold...I’m surprised it’s not higher. 1087-89 is where the resting buy stops are.
GDX…needs a close over 14.20 to start attracting buyers.
General Comments or Valuable Insight.
There are many data points today.
ADP @ 7:15 CDT
Oil Inventories 9:30 CDT
FED minutes 1:00 P.M. CDT
Yesterday the board went totally defensive as stock rotation favored the utilities and interest bearing stocks.
It’s going to be a volatile U.S. session.