Stocks...
GLNG…51 is the near term resistance and the upside momentum #.
The pattern remains positive as long as this maintains closes above 49.
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…are still struggling to close above the mvg averages now @ 152.36. Closing below 150.70 would put the Bunds back on the defensive.
FX…
EURO…114.68 is resistance and where the resting buy stops are.
USD/JPY…122.45 is near term Dollar support (81.66 Futures). This level with be pivotal for another figure.
AUD/USD…78.41 is near term resistance with resting buy stops above. Closes over this level is needed for more strength.
DXE…put in an ORL day yesterday with follow through today. This needs another day of price action to determine if there is much more in this move.
Commodities…
Gold…1200 is mvg avg resistance and right back to the middle of the range for the past few months.
Oil…as long as the crude keeps closing above 59 the bias is to buy the hard breaks.
Do not chase rallies.
General Comments or Valuable Insight
Equity Index and options as well as interest rate expirations are upon us.
I’ll be waiting this out for new opportunity.
I exited the Nasd 100 @ 4550 the end of May. Closes over 4490 resistance is needed for new upside momentum.