Stocks...
Equity Indices...the volatility chart gave a sell signal yesterday.Investors should be in no hurry to purchase equities until such time as I get a bottoming indication and a confirmed buy signal again.
FB...has to hold 92.20 on a closing basis for higher.
AAPL…118.44 is mvg avg support. Sustained price action and a close below could trigger a move to 108.
Bonds …
30 Yr. Bonds…155.12 is support and the low risk buy level.
FX…
EUR/AUD…148.32 is mvg avg support. The long term trend line comes in close to the 50 DMA @ 147.00
AUD/NZD…I was hoping for a chance to buy this again @ 107.50. As long as this remains above 110.60 it can build a base for a move toward 117.
Commodities…
Gold…1080 is the last chance closing hold # for Gold bulls.
Gold…1080 is the last chance closing hold # for Gold bulls.
Below they lose the possibility of a reverse head & Shoulders bottom.
OIL…47.35 is near term resistance. Short term traders can look to manage a short again from this level.
General Comments or Valuable Insight
SHCOMP…bounced off it’s 200 DMA last night.
This week is the last full week of trading for the A-teams in Europe, then everyone hits the beach.
Friday’s moves were exaggerated and it will only get worse throughout the rest of the month.
