A.M. Look 9/9/15

Stocks...

Spu’s...1992 was the Aug high we imploded from. It’s also mvg avg resistance that needs to be closed over for more strength.
Nasd 100..4368.25 is that same #, however the mvg avg resistance was 4328.
DAX…traded right into resistance. A close over today’s high is needed for higher.
SMH…the semi’s broke out yesterday. 51.40 is mvg avg resistance.
Heathcare...is leading again with names like KITE,UNH,AZN,JNJ worth accumulating on any weakens over the next week.
XBI…remains bid over 228.80.
Bonds
30 Yr. Bonds…the front month continuation shows the 30 yr, trading into the 200 DMA & cloud support. This is a cover zone/not a level to initiate new shorts.

FX…

USD/JPY...120.72 ( 82.88 Futures) is the 200 DMA. Yen needs a close under this level to extend lower.

Euro…needs a close over 112.30 for upside.
Commodities…
OIL…would take a close under 43.00 to weaken. Last night’s low was reasonably good.
47.33 is resistance. Trade the range.

General Comments or Valuable Insight

​The Equity/Bond spread broke out yesterday on the close and rallied to it’s first objective matching 1992 in the Spu’s.
Given it’s mid week and we’ve just completed another standard deviation move​ up I’m not willing to chase this strength in the indices. Individual names and sectors are another story as many are trading independently.

This week is the prequel for next week. I’m looking to buy the next big break off this recent pattern.

150909_045002_CQG_Integrated_Client_Chart_EPU5_-_E-Mini_S&P_500_Sep_15_Point_&_Figure_25x3_Ticks

150909_050456_CQG_Integrated_Client_Chart_ENQ_-_E-mini_NASDAQ-100_Active_Daily_Continuation

150909_050703_CQG_Integrated_Client_Chart_EP_-_E-Mini_S&P_500_Active_Daily_Continuation

150909_054155_CQG_Integrated_Client_Chart_DD_-_DAX_Index_Active_Daily_Continuation

150909_055218_CQG_Integrated_Client_Chart_USA_-_30yr_US_Treasury_Bonds_(Globex)_Active_Daily_Continuation

 

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