Stocks...
Spu’s...2061.50 are where the near buy stops are. I’ve orders to take some money off the table @ 2064, just shy of today’s 2067 momentum #.
Nasd 100…4408-25 is the first resistance zone.
DAX…11,250 is resistance. 10,628 is 200 DMA support.
Nikkei…20,000 is resistance.
SHCOMP…put in an ORH day.
Bonds …
30 Yr. Bond…154.25 is resistance. Further weakness below 153.08 leaves way to a move to 152.17.
FX…
GBP/USD…154.36 is the 200 DMA resistance.
GBP/JPY…pay for your trade when you get filled in the Spu’s. 187.59 is cloud resistance.
Commodities…
OIL…is currently stuck between 52.50-51.30 on the Point & Figure. It needs to sustain above or below for follow through.
It’s a trade the headlines out of the Geneva nuclear talks.
Copper…put in a lower low for the year yesterday and then reversing. 2.57 is first good resistance.
General Comments or Valuable Insight
One extreme to the next. It’s a big time frame trade.
Sometimes you just have to wait out a big time frame for the capital flows to shift for your thesis to play out.
Yesterday I was looking for a market low. It just took a little longer than I thought.
Classic mid-week shuffle.
Trade the levels and keep taking your money. We still have the Greek drama to trade today into tomorrow.
