Stocks...
Spu’s...I’d rather buy them before I sell them.
Nasd 100…4293 is the 200 DMA.
DAX…11,250 is resistance. 10,628 is 200 DMA support.
Bonds …
30 Yr. Bond…154.25 is resistance.
FX…
GBP/USD…154.50.00 is the 200 DMA resistance. The weekly chart shows the room for a move to 152.50 where weekly mvg avg’s converge.
Commodities…
OIL…is currently stuck between 53.00-51.30 on the Point & Figure. It needs to sustain above or below for follow through.
General Comments or Valuable Insight
China melted down taking Japan with it. SHCOMP traded to it’s 200 DMA, a level not seen since the summer of 2014.
DAX was the bight spot last night by holding a retest of it’s 200 DMA and rebounding higher.
Spu’s & Nasd both held retests of their weekly lows.
I’m looking for the U.S. indices to shrug off Asia as we get closer to the U.S. opening.
The trading in the U.S. indices have been big opening range trading affairs. Expect more of the same.