Stocks...
Spu’s… 2020-23 is closing resistance.
Bonds …
30 Yr. Bonds…152.00 is cloud resistance. 151.20 is the 50 DMA. with a neutral RSI you just have to wait and see if the treasuries can push higher.
TLT…118.70 is mvg avg resistance.
FX…
USD/CHF…95.26 ( 105.19 Futures) is the 200 DMA. Manage long dollar positions against this level.
Commodities…
OIL…the roll has begun. (U) Sept. Will be the active month
General Comments or Valuable Insight
Equities are trading like they did in 2000 during the Nasd boom.
Monthly equity options expire today.
I’m looking to buy the Nasd 100 on a break into the 4550-60 level over the next week if we see it.
NFLX…the last earnings gap was never filled. This name went sideways and then higher. I doubt you’ll see anything under 107-111.
GOOGL was upgraded this A.M. with an 850 target.
The later in the day, the path of least resistance will be up.