Stocks...
Nasd 100 (Z)...could not sustain above it’s 200 DMA.
Spu’s….(Z) needs a close above 1990 for any upside. A close below 1950 accelerates the down.
DAX…needs a close over 10250 for any upside. Sell rallies.
Bonds …
Bunds…155.50 is the 200 DMA. 155.40 is the ORL Low that can reject from 8/24/15.
FX…
Euro...there is no downside in the Euro unless you get a close below 112.30.
Commodities…
OIL…Oct contracts expire Monday and Tuesday next week.
General Comments or Valuable Insight
Sell a 20 point rally in the Spu’s.
Names like NFLX,BUD,TAP & FB have all had 10% rallies. Hopefully you took my advice and bought some downside protection yesterday.
Let’s see how New York trades after London’s close today. You’ll need to see
a dramatic turn in sentiment for any rally to hold in the Indices.
The dollar is running out the last of the Long Dollar holdouts.
More in a couple of hours.
