Stocks..
TSLA…176-171 is where to look for a bounce. This is a low risk level to buy before you sell.
Visa & IYT…both put in ORH days. An early holed will see more buying.
Bonds
30 Yr. Bonds…135.04-134.29 is the big support level.
10 yr. Bonds…125.00 +- a couple is resistance.
TLT…111.25 followed by 110.15 are the support levels
FX…
Euro…139.50-67 is resistance and the upside closing pivot.
Commodities…
Gold…has now hit support and resistance since Friday unemployment release. This needs below 1265 for a big break.
General Comments orValuable Insight
Equity Indices held the mid-week mayhem.
Almost everyday has two distinct capital flows, with late day being opposite the early direction.
Equity traders should focus on individual names at key technical levels
(levels where you can manage your risk). The most you’re getting is 1-2 days in one direction.
This is a market where you must continue to book short term gains.
7:30 Draghi statements should provide some fireworks in the Euro.
Opening Range Time Frame Trading again today.
Short Term View…
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical s.