Stocks...

Spu’s….just wait a time frame. After the early Asian trade, which started higher and failed,

I was fairly convinced that was the high for the rest of the week.

London had a different take with the SHCOMP breaking out above it’s momentum line.

AAPL…97-97.42 is resistance. Closing over 98 is needed for another leg higher.

 

Bonds..

30 YR. …a close over last night’s high is needed for higher.

continued price action lower on the day leaves room for more Risk On.

FX…

Euro…needs a close back over 112.40 for higher.

Yen…sustained price action and a close below 87.40 in the futures opens the way for lower.

Commodities…

 

Gold…has to close over 1211 for higher. Failure to hold above this level

would signal more risk on.

Gold is trading inverse the Spu’s…

General Comments or Valuable Insight.

Both the Spu’s & Nasd 100 have hit their initial upside target levels.

We’re at a level in the Indices where they either put in a Wednesday high and back off or just keep powering higher screwing the shorts.