Stocks...
DAX…auto makers are causing a route in Germany causing spill on effect across the U.S. equity indices. I’m looking for a retest of the last low of 9300.
NASD 100…4240 is today’s Fib support matching 4238 (unchanged on the year). I would only look for an oversold wiggle from this level.
Closing below would not be good.
Bonds …
Bunds…155.50 is the 200 DMA.
30 Yr. Bonds..155.10 is the general level for your upper barometer. Closing above will lead to more Bond buying.
FX…
Euro…112.08 is 200 DMA mvg avg resistance. 111.20-30 is 50 DMA support.
Sell rallies against the 200 DMA.
USD/JPY...121.00 is the 200 DMA...JYZ (83.08). It’s a risk off board with the Yen being bought on all crosses
Commodities…
OIL…CME contract expires today.
General Comments or Valuable Insight
The index patterns have broken down . VW has provided the catalyst for this puke.
Pay very close attention to your time frames today and be patient for big rallies today into tomorrow to sell.
With the Jewish holiday starting at sundown tonight I doubt that there will be much in the way of serious bottom fishing before Thursday