Stocks...Spu’s…need to hold 1894 to have a bid tone
Last months unemployment high was 1965.Any prints up here is a sell before you buy.
Nasd 100…needs over 4200 resistance and hold above 4200 to mount a rally.
DAX...9678 is resistance
Bonds..
30 yr…. today’s low risk buy and momentum level is 161.19.
Bonds weaken with a close below.
TLT… loses upside momentum under 127.56.
FX…
Commodities…
Gold..Anything into 1175 should reject the first time up. The near term sell stops are @ 1149.
1135 +- a couple is back into the 200 DMA. This is the low risk buy level.
You’ll need to have a resting order in there and respond to the price action if filled.
The Algos are running the show.
Gold/Euro…Daily
Gold/Euro…Monthly
Gold/Yuan…
General Comments or Valuable Insight.Welcome to the Gold and Bond show.
The recent daily intra day ranges in the Gold have been 8-10 dollars.
Unemployment usually brings much higher volatility and expanded ranges.
Keep in mind that the FEB Gold (Cash) has rallied 55 dollars in the last 5 trading days without a reversal on the P&F chart so caution should be exercised buying strength.