Stocks… Nikkei… SHCOMP… Bonds.. 30 YR. …will take a close under 165.08 to weaken and signal more Risk On. TLT… FX… Yen… Yuan…6.45 is the level to monitor for long term trend. Commodities… Gold…1194 is trend support and … Continue reading
Stocks… Spu’s….watch the Oil as more short covering and bottom fishing in the Energies will be the fuel for a short covering rally. Nasd 100…4018 was last Friday’s close and will be pivotal all day. Bonds.. 30 YR. …166.27 … Continue reading
Stocks… Spu’s….watch for price rejection closer to 1880. Deutche Bank…is presently trading @ 16.85. This needs to maintain above 16.10 for further short covering. Bonds.. 30 YR. …short term sell stops are @ 165.08. Daily trend is 163.19. TLT…129.00-128.76 is … Continue reading
Stocks… Spu’s…1854 is resistance, half way back on the week. You would not want to see price action much above that. GOOGL…the short covering started here late day yesterday. You’d need closes over 713 for the short covering rallies to … Continue reading
30 Yr. .…the qtrly macro buy stops are 166.27 . GDXJ… the qtrly buy stops are 23.58 . Gold….see where the breaks hold. We’ve come a long way. This flow should remain through London’s close.
Stocks…Spu’s…need to hold 1894 to have a bid tone Last months unemployment high was 1965.Any prints up here is a sell before you buy. Nasd 100…needs over 4200 resistance and hold above 4200 to mount a rally. DAX…9678 … Continue reading
Stocks… AMZN…closed below it’s 200 DMA for the first time since Dec 2014. GOOGL…a good close below 735 is needed for another big sell off XLI…as long as this sector holds a sell off into the low 49’s and does … Continue reading
Stocks… Spu’s…1909.50-1913.50 remains a pivotal level. Bonds.. 30 yr….The low risk daily buy level is 161.02. FX… GBP/USD…145.40 is the plaza accord Fib that has been pivotal for years, above look for 146.50-60. Yen Futures…84.20 is fib resistance. CAD/JPY…held daily … Continue reading
Stocks… Spu’s…1909.50-1913.50 remains a pivotal level. Bouncing on hard breaks into the level. It will take closing below this level for further downside. Googl….hit it’s first fib extension after the close and has since backed off below the old all … Continue reading