Stocks...
Spu’s…1967.25 is today’s sentiment # for end of day trading. Good above/negative below.
Nasd 100…mvg avg resistance is 4388-95.
Bonds …
Bund…154.52 is today’s resistance
FX…
USD/JPY…120.72 (82.83 Futures) is the 200 DMA. Spu’s up = Yen down.
Euro…is caught between 112.60 and 111.45.
Swiss Franc Futures…103.63 was last months close. This will take under 103.40 to weaken on the daily and under 103 for an ORL Month.
Commodities…
Brent…48.65 is first support
General Comments or Valuable Insight
The bulk of the Index weakness occurred within the first couple of minutes of Globex.
Price action outside of last night’s ranges will be needed for new direction.
It’s the last trading day of the month. Nasd 100 is the only U.S. index trading higher on the year.
Just to refresh your memory 2099 was last months Spu close. We’re not going to have a positive month no matter where it closes.
The correlations between the Dollar,Bonds & Equity Indices remain intact.
Traders will be looking to the U.S. opening to see if we can shrug off the China news from the weekend.
Let the day set up. Trade the capital flows.