Stocks..

Lots of markets are oversold and are experiencing mid week bounces.
Brazil ( EWZ) being one of many.

Spu’s…1592.25 was April’s close. This will become a pivotal war zone over the next 2 days.

Bonds…

No change

FX…

Euro…129.90-130 is support. This needs recovery back over 130.80 for upside.
EUR/AUD…139.90 is support. Closing under this level will change the complexion of this
cross, and we could see a much deeper sell off.

Commodities…

Precious Metals…if we’re to see any bottoming action it would be off some extreme sell off today into tomorrow. I have no # sets to begin to bottom fish that are close.

Oil…96.15 is closing resistance, 93 is closing support.

General Comments or Valuable Insight

Use your qtrly pivots for market tone. This is not the time of the qtr to think but rather react.

Short Term View…

Trade what is in front of you. Don’t fight the flow!
It’s ok to miss a trade no matter how painful it may be to your psyche.

Time to be a technical trader and robotic ally trade the extremes. Forget the fundamentals. Today is Oil inventory #’s with tomorrow and Friday week will be full of data and FED speakers creating volatility.

Pay close attention to your time frames and ebbing capital flows