Stocks...
XLK…43.25 is resistance and the closing upside pivot.
MVV…remains firm above 81.80.
UNH…is a low volatility healthcare name. This remains firm over 115.80 close.
XHB… 36.48 is the weekly ORH #
XLE…put in an ORL day. 77.67 is unchanged on the week. Price action below should not be faded.XLV…74.65 is support and the low risk buy zone.
BIIB…is a good candidate for an opening range trade today. By holding early, this has room to move to 401.
Bonds …
30 Yr.…150.22 is resistance and the upside pivot. 148.30 is today’s 200 DMA.
Bund…151.83 is resistance.
FX…
Commodities…
Copper…2.67 is the weekly ORL #. Pattern sell stops are @ 2.6475.
General Comments or Valuable Insight
The Greek drama continues with the Spu’s and Nasd 100 unable to push through the upper ends of their recent ranges. This has put a big bid to the Dollar in early London trading.
I would expect this theme to prevail going into the U.S. close today.
Up next week are the quarterly futures expiration’s along with a Wed. Fed meeting and another Thursday deadline for Greece.
It should prove to be a busy week.
