Stocks...
Nasd 100… 4400 +- a couple is support ( last weeks low).
Nikkei…needs to close back over 20,500 for upside momentum.
Bonds …
30 Yr. Bond…(M) June needs to press and sustain above 153.05 resistance for higher.
App. 151.24 in Sept. depending upon which chart you follow.
Bund…151.83 is resistance.
Aussie 10 Yr... Futures expired last night.
FX…
CME FX… June (M) Futures expire today @ 9:15 CDT except for the Loonie which settles tomorrow.
Commodities…
Brent...expires today.
WTI…ICE Futures expire Friday
CME Futures expire 6/22/15
WTI…59 is point & figure support. Below there is room to break to 57.80.
Gold…long term point & figure sell stops are @ 1165.
General Comments or Valuable Insight
This week starts the quarterly futures expiration’s along with a Wed. Fed meeting and another Thursday deadline for Greece.
There are enough Futures and options expiring for me to not want to get too involved until after the Fed Wednesday.
Overnight the selling of the Italian & French 10’s vs the buying of the Bunds and the U.S. 10’s saw good follow through from Friday on the outlook for no resolution to the Greek debt.Today should be a tale of two time frames. Equity Index Bulls should be patient to see if there will be some bottom fishing at the lower end of the recent range.