Stocks...
Spu’s….both the Nasd & Spu’s have hit their initial upside targets In London.
They should back and fill a bit. The question is how much.
The low 1940’s in the Spu’s and 4230 ish in the Nasd would provide a low risk entry.
I doubt you’ll be given the opportunity today to buy those levels again before the close today.
Spu…P&F
Spu/Bonds…Daily
Spu/Bonds…Weekly
ABB…a close over 17.90 is a weekly momentum breakout.
Bonds..
TLT…129.88 is today’s support, below look for another 2 dollars
FX…
Commodities…
OIL…the upside levels have not changed since December.
A close over 34.75 is needed for another big leg higher.
General Comments or Valuable Insight.
Strong Equities = Weak Bond Futures
Both the Aussie & Euro have flirted with their respective 200 DMA’s last night and rejected.
83.63 CAD/JPY is today’s ORH weekly closing level.