Stocks...
Spu’s…2044 is the weekly hold # and the closing downside pivot for more weakness.
Nasd 100…4333…4285…4265; these are the support levels coming down. They will
not change.
BIB & IBB...Closed neutral ” right on their momentum #’s.
XLV…70.80 is support and the downside closing pivot.
HAL…41.20 is the momentum hold level and the 50 DMA.
SWKS…needs to hold above 90 to not rollover.
VIX…15.80 will be pivotal all day.
Bonds …
BUNDS…is on the way to an eventual 159.00 print. It got pretty close last night.
FX…
EURO… 108.65 is point & figure resistance. 102 is an eventual target.
Commodities…
OIL… above 49.25 Oil can rally another dollar. Below 48.20 look for more weakness
Brent…56.30 is 50 DMA support. A close under this level is needed for more weakness.
General Comments or Valuable Insight
You’ve heard of paint by the #’s, this is trade by the #’s.
For “Risk On” I would like to see yesterday’s closes hold in the Spu & Nasd 100 and price recovery and a close in the Spu’s higher on the Year (over 2054).
GOOGL…I need to see a rebound from here. I’ll try and let this play out to see if the Indices can show strength.
…………………………………………………………………………………………………………
Current Positions…. Entry Stop TGT
LONG GOOGL 561
LONG USO 17.5 PUT .39
LONG USO 17.5 PUT .39
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Working Orders…..
BUY AUD/NZD @ 99.95
