Stocks...
Nasd 100…4554 is first resistance.
Bonds …
30 Yr. Bonds…157.28-30 is initial support.
FX…
GBP/USD…155.10 is resistance. Below there is room for a move to 153.80 the 200 DMA.
AUD/USD…73.32 is support and the downside closing momentum #.
NZD/USD…needs a monthly close over 66.10 for bottoming action.
Euro…109.23 is near term support. Closing below this level will lead to more Dollar strength.
Commodities…
Corn…3.84 is 200 DMA support. This will be a low volatility trade between the moving averages.
General Comments or Valuable Insight
Shcomp strength and easing Greece tensions have given a bid undertone to start out the week in the Equities.
Friday’s unemployment extremes in the Dollar and the Equity Indices should be used for risk management.
I’m going to focus on the names like AAPL, DIS & IBB that have had big sell offs for low risk trading.
Oil is up on the week. This is the first Monday in some time where it has shown some short covering or at least a pause in it’s slide. Sell rallies into the high 46 dollar level.
We’re into summer trading. Be patient.
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Current Positions…. Entry Stop TGT
Long AAPL 113.10 112.00
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Working Orders…
Sell 30% AAPL @ 118.74