Stocks...
Spu’s...2083 is resistance.
Nasd 100…4460 is resistance.
DAX…11,250 is resistance. 10 ,615 is 200 DMA support.
Bonds …
30 Yr. Bond…152.06 is the low risk sell zone and the closing upside pivot.
TBT…48.88 is weekly mvg avg support. 47.60 is where the 50 & 200 DMA cross.
This is the must hold level for TBT bulls and the low risk buy zone.
FX…
GBP/USD…155.00 is the 50 DMA support. 156.60 is resistance.
Commodities…
OIL…55.25 is today’s Point & Figure resistance. Price action and a close over this level is needed for bottoming action.
Gold…1188 is weekly resistance.
General Comments or Valuable Insight
Equity Indices held early last night and the Bonds failed their attempt at 152.06.
One wiggle down.
The Equity Indices should remain a 2 way trade where the nimble can sell the rallies or buy the pukes and make money. Just take the money.
Time Frame Trading. It will be a day to trade the flows run by news out of Europe.
