Spu’s…are attempting the contract highs @ 2134 with resting buy stops above.
I look for them to remain firm into our close today with some back and fill mid-week.
Euro could see 111 again simply because the Yen crosses are being unwound
after ABE’s victory last night. Investors are Buying EURO,Pounds,Aussie and selling Yen. The lack of Euro weakness is a function of the cross and not the straight dollar.
30 Yr. Bonds…price action below 176.00 is needed for weakness.
10 yr… look for a bounce from 132.16
We’re seeing typical Friday-Monday price action in a Bull trend.
I am not bearish the indices, I’m only looking for hard breaks to buy.
I’d expect some back and fill off the 4575-85 area in Nasdaq.
Time frame trading today. Pay attention to capital flows ebbing in to London’s close.
Weak Bonds in the afternoon would foreshadow late day index strength.