Stocks...
Spu’s… 2120-25 is closing resistance.
Nasd 100…the measured full swing count for this move off the low comes in @ 4720.
DAX…11,630 is cloud support. With the European bond rally this A.M. this is a low risk level to trade against looking for an initial move to 11,938.
Bonds …
Bund…153.33 is a potential double top. Mvg avg support is @ 152.05.
Trade the levels.
FX…
NZD/USD…Kiwi is having an oversold rally. Price action and a close over 66.35 would have me think this is bottoming.
Commodities…
Brent...57.50 is resistance and the upside closing pivot.
General Comments or Valuable Insight
I’m currently long FB,AAPL & a few 48 MSFT calls that expire Friday for today’s earnings.
AAPL…the last earnings saw AAPL gap higher only to have that high cap the rally.
MSFT...the past two earnings saw good pops in the stock. Buying some 48 calls around the .50 cent level can provide some cheap upside with known downside.
FB…this name has to knock the cover off the ball like NFLX & GOOGL, and even then I’m thinking this could mark a short term trading high for the Indices.
The U.S. Indices have come a long way and are in grind mode again.
Earnings pops will have me taking the money.