Stocks...
Spu’s…need to close under 2005 to break down.
Nasd 100...last week I was looking for a 70 point rally. This week I’ll need to see a couple of closes over 4415 to maintain upside momentum.
Weekly sell stops are @ 4329.50
Bonds..Bund…looking at the gap, this Bond has the potential for the biggest rally.
The U.S. Treasuries will lag (will be sold on the spread vs. the Bund).
Since the U.S. 30 is moving via the spread rallies will be met with sellers making buying strength problematic.
FX…
AUD/USD…75.40 cash will be the pivot for this qtr. (75.00-15 Futures)
Good above/Negative below
AUD/JPY…Aussie held a second retest into the the pivot last night.
The cross has to stay above 84.88 to match up with a risk on board.
GBP/USD….143.75 is support with a close back under 143.30 needed for downside follow through. Closing back above the Plaza Accord fib @ 145.60 is needed to run out the Brexit shorts.
Commodities…
Gold…1238-41 will remain pivotal again this week. Gold needs to close below this level for more downside.
Gold/Yen…Gold has been in consolidation and correction mode against the currencies for the past week.
General Comments or Valuable Insight
Typically this week is a horror show in the Equity Indices.
The technical model is up.Wednesday is a Full Moon which always has the potential for trend change.
I don’t use a Ouija board but half the world does so it pays to pay attention.
Transports, many Individual names and Indices are all into area where I have no intention of buying strength.
Individual names will be a better place to trade this week.
April Crude expires today.
(K) is front month.
(K) is front month.
March cash Bond futures settle today.
In the past this was settled on Friday of quad witching.
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