Stocks...
Spu’s…(U) 2126 will act as resistance and the upside pivot.
Dax…11,250 is the low risk buy level. This is the spot to buy the Dax with a tight stop.
11,560 is the 50 DMA. This will be pivotal all day. 11,795 is an exit zone for longs the first time up.
HEDJ…64.40 is resistance and the upside closing pivot. 65.24 is first resistance.
Nikkei…as long as this is over 20,450 , look for 21,000 to print.
AMBA…88.40-30 is support. Sustained price action and a closes below this level is needed for another 10 dollars lower. By holding above 88.40 this can form up for another run higher.
Bonds …
30 Yr. Bond…yesterday’s starting support level of 149.27 + a couple is today’s resistance. 149.11 is the 200 DMA. The level will be pivotal all day.
FX…
DXE…95.55 is today’s resistance.
GBP/USD…158.35 was yesterday’s ORL#. This is resistance.156.50 is pattern Fib support.
EURO…111.90 is today’s support and closing downside pivot #.
USD/JPY…123.80 ( 80.92 Futures) is the mvg avg. momentum level. Price action and a close through this level is needed for more Yen weakness.
USD/CHF…93.34 is resistance in the Dollar. The futures show 107.23 is possible.
Commodities…
Soybeans…(N) 10 is resistance and the next closing hurdle. (X) November is the high volume contract. The roll has started with November currently trading at a 30 cent discount to July.General Comments or Valuable Insight
Let the U.S. session set up before you start swinging today. The currencies are coming into support areas where it’s not profitable to sell before you buy. The currencies need some work to get through these zones. Let the market do the work.