Stocks...
Nasd 100…for this to lose momentum a close below 4414, the 200DMA
is needed.
DAX…while we’re coming into weekly resistance DAX is positive over 9910 close.
Bonds..
FX…
Commodities…
Oil…i’m looking for a 40.30 print before another move sets up.
Crude..
Gold…is weak against all dollars. Closing below 1238 tomorrow should keep this
in profit taking mode going into month end.
Copper…needs under 2.2650 to weaken.
General Comments or Valuable Insight
Full Moon Trading
Equity Indices ( Nikkei,ASX,Nasd 100,Spu’s,DAX) are all marginally above their qtrly pivots with the exception of Euro Stoxx 50.
Typically the end of a qtr sees grinding action either side of these levels until we get into the next qtr. when you get price separation.
Investors want to be in U.S. Equities and that means dollar buying to purchase Equities.
Just be patient today into tomorrow as I’m sure the plungers will give it one more go.
Volumes have been very light, meaning that late day weakness after 2 CDT can provide a
directional trap for new shorts. One buy program would run them out.
FX...traders seem content to keep selling Sterling into next months Brexit vote.
Wait for rallies.