30 Yr. Bonds…led and continue to lead. Much below this level could lead to 161.00 ish June. Nasd 100… ORH day..do not fade. Look to buy a 30 handle break Spu/Bonds…are putting in an ORH day into first cloud resistance. … Continue reading
Stocks… Spu’s….are a two way time frame trade. Closes below 1929 is needed to break. Bonds.. 30 Yr…164.05 is today’s ORL # in June Bonds. They are weak by remaining below. FX… EURO…108.61 is the 2015 close, matching the .618 … Continue reading
Stocks… Spu’s….1931 is un changed on the month. There have been two 10 point rallies since the Asian opening which have been met with selling. Bonds.. 30 yr….(June M) 165.28-165.02 is near resistance and today’s upside pivot. FX… EUR/JPY…is oversold … Continue reading
Stocks… Spu’s….both the Nasd & Spu’s have hit their initial upside targets In London. They should back and fill a bit. The question is how much. The low 1940’s in the Spu’s and 4230 ish in the Nasd would provide … Continue reading
The board should stay Risk Off through London’s close. 30 yr. Bonds…are now at levels which is an exit zone for longs, however closing over this area will be very negative equities Long Gold/Short Euro…is moving to new yearly highs. … Continue reading
Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Bonds.. 30 yr….166.20 will be pivotal over the next couple of sessions. After electing the buy stops last night sustained price action … Continue reading
Stocks… Spu’s….near term sell stops are below 1898.50. There was one short covering rally into London’s close. DAX…looks set to retest 9067. Bonds.. 30 yr….168.11 is the high close for this swing. FX… AUD/USD…71.62 is near support and … Continue reading
Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Midcap…61.59 is the 50 DMA. Both the Midcap & Russell have similar patterns. Bonds.. 30 yr….166.20 will be pivotal over the next … Continue reading
Stocks… Spu’s….We need back under 1912 to weaken, targeting 1885. Bonds.. 30 yr….167.12 is initial fib resistance with a possible failure @ 167 +-. FX… YEN…remains strong with a risk off board. First retest is 89.00. Commodities… Gold..Buy hard … Continue reading
Stocks… Spu’s….just wait a time frame. After the early Asian trade, which started higher and failed, I was fairly convinced that was the high for the rest of the week. London had a different take with the SHCOMP breaking out … Continue reading