Stocks...
Nasd 100…is making new yearly highs. Caution should be exercised chasing strength the first time up. We’ve come a long way in a few days.
Spu’s…2095 is today’s 50 DMA. 2120-23 is closing resistance.
NFLX…is the big after hours mover having traded close to 112, achieving the GS
pre split price target of 780.
Bonds …
FX…
Euro…we’ve just elected the sell stops at the June lows @ 108.90. The next set of macro stops are @ 108.15. Either level can elicit some short covering.
AUD/NZD…it’s sour milk for the KIWI’s. 113.93 is the qtrly close which will be resistance. Closing over that level will get you a move to 117
Commodities…
General Comments or Valuable Insight
Dollar is strong, metals weak, Equities up/ Bond futures down. It’s a risk on board.
The trade in individual names will be better than the indices at these levels.
Volatility has been crushed and we’re back to the grind.
Short term traders should be patient and not chase direction.