Stocks...
Nasd 100 (Z)...4371 is the 200 DMA. Nasdaq needs to close over this # to gain upside traction. As long as 4300 holds I’ll be looking for specific names to buy.
Spu’s….(Z) 1951 +- a dollar is unchanged for the past two weeks. Resistance starts @ 1968.
DAX…needs a close over 10250 for any upside. Sell rallies.
AAPL…111.65-85 is the hold level.
GOOGL…658 is the hold level. Next support is 646.
NFLX… use 100 as your closing barometer. Good above.
Bonds …
Bunds…155.50 is the 200 DMA. 155.40 is the ORL Low that can reject from 8/24/15.
30 Yr. Bonds..154.26-28 is near term support. A close below 153.19 is needed for lower.
TLT...closes @ resistance. 120.35 is today’s closing support level.
FX…
Emerging market currencies should remain generally weak going into Qtr end
Commodities…
OIL…Oct Ice contract expires today, CME tomorrow. I’m looking for this to remain in it’s current range until after the EIA Wednesday. Looking at Cloud resistance Oil could put in lower highs for a few more days.
A close below 43 is still needed for a leg down.
General Comments or Valuable Insight
Let the day set up.Traders tried Equity Indices and the Euro both ways last night.
We’re in a place where you can’t sell weakness or chase strength in the Indices.
We could very well see the same type of action into Wednesday when market participation will be lighter than normal for Yom Kippur.
The game will be in the individual names.