Stocks...
Nasd 100…4538 is closing resistance. 4465 is support and the low risk buy level.
Spu’s…2095 is today’s 50 DMA. You’d like to see an early sell off hold this level. otherwise 2081 is the next low risk buy. 2120 -23 is closing resistance.
Bonds …
30 Yr. Bonds…150.09 is 200 DMA resistance. Above, Bonds should move close to a point at a time.
FX…
Euro…110 will be pivotal.
Commodities…
Oil…price action @ 52.50 should run the next swing.
General Comments or Valuable Insight
Welcome to the mid-week shuffle. Yellen testimony is up @ 9:A.M. CDT, Oil inventories @ 9:30 CDT.
Early movers are in Biotech..RCPT, CELG & GILD.
NFLX has split and is trading @ 101. This will attract more interest since the average investor can now afford to trade it. Earnings are out later today.
