Stocks...
MVV…77.95 is the low risk buy level. Only a close below 77.29 (it’s 200 DMA) turns it lower
Spu’s…we’re back up at the higher end of the range. 2061 is the lower end of value on the point & figure chart. Don’t chase strength.
GOOGL…681 is the near term hold #. 671.50 needs to hold on any flush of the aforementioned level to keep this name and the Indices firm.
NFLX…117 remains the low risk buy level.
AAPL…sustained price action over 116.40 should lead to a test of 119.
FB…95.25 is resistance and the closing upside momentum #.
AIG...put in an ORH day on Friday. This remains firm over 63.74.
Bonds …
30 Yr. Bonds…158.22 will be pivotal all day. Good above /negative below.
FX…
Commodities…
Brent (X) Nov…48.65 is support and the closing downside pivot.
Wheat…5.09 is resistance. Price action above is needed for a short covering rally.
General Comments or Valuable Insight
There is options expiration in WTI with the. Sept Futures going off Thursday.
The day will be driven by U.S. capital flows.
Europe is at the beach and the U.S. won’t be much better.