Stocks...
Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922.
Bonds..
30 yr….166.20 will be pivotal over the next couple of sessions. After electing the buy stops last night sustained price action under 165.27 (today’s ORL#) should be deemed price negative Bonds.
FX…
GBP/JPY… can squeeze a little lower into qtrly multi year fibs, however the rsi’s are getting very oversold on the short to medium term time frames..
GBP/JPY… can squeeze a little lower into qtrly multi year fibs, however the rsi’s are getting very oversold on the short to medium term time frames..
EUR/AUD…is trading just below it’s 200 DMA. A weaking Euro vs the Aussie is reflective of Risk On.
Commodities…
Oil..32 +- a couple is the low risk buy level.
A close over 34.75 is still needed to start another leg up.
Copper...2.14 is qtrly resistance and the upside closing pivot.
General Comments or Valuable Insight.
Yesterday was the quietest day we’ve had in months with opportunity in the Asian session.
Equity Indices are holding the breaks for now and the Bonds look to want to roll over.
Focus on the 30 yr. which has the most vulnerable chart pattern for a correction.