Stocks.. Everybody is all in long. Look for names that have not had big moves with RSI in the High 70’s or 80’s. Bonds… 30 yr. is right at resistance @ 135.00. The level has not changed. Bunds…143.75 is closing … Continue reading
CAT…85.25 should prove to be big resistance. 30 yr….134.10-14 is the next resistance level for today. Bunds…are holding up over 142.00. 143.15 is our next tgt. As long as the interest rate Futures remain firm look for GOLD/EURO to continue … Continue reading
Stocks.. Spu’s…by maintaining higher on the week we’re looking for this to move in 30 point increments with 1657 the next tgt level. 1636-42 is short term resistance and not an area to buy strength into the first time up. … Continue reading
Stocks.. Nikkei…13,100 is near term support. As long as this remains above 12,500 it remains on a positive footing. Closing over 13,520 will lead to more upside. Bonds… Bunds…143.75 is resistance and the closing upside pivot. FX… USD/JPY…94.90-95.00 (105.30-40 Futures) … Continue reading
USD/JPY…is poking it’s head up on the monthly, which could lead to the Yen eventually moving to the 107 area and beyond. In the meantime were at multi year levels in USD/JPY and EUR/JPY which will make me reticent to … Continue reading
Oil…93.80-94.00 is near resistance and the closing hurdle. 94.37 is mvg avg resistance. Bunds…need to sustain under 145.50 and close below 144.85 for more downside. General Comments… We’re seeing some correction in the Yen crosses and the world Bond markets. … Continue reading
Spu’s…have to sustain under yesterday’s low of 1559.50 for any downside to materialize. Euro…sell stops are 127.52 which can lead to a test of 126.70. GBP/USD…Cable has the ability to take a look at 150.00-25 30 yr. Bonds…144.07-09 is near … Continue reading
VIX…resistance is 15.15 Bunds…144.86 is resistance…all new closing price action over 145.15 is needed for higher. Euro…is into the 200 day. We’re minutes away from London’s close and the end to this capital flow. Tighten up your risk parameters.
The point & Figure shows a double top in Oil. Downside tgt’s were basically hit in the Bund & Bonds,, NFLX…178 was the 50% of the big swing. Some big technical matches we’re hit. Now we have to see whether … Continue reading
30 yr.Bonds…expire today. 146.05 was the Oct. low and close to our last short exit. closing under that level will keep the Bonds under pressure until year end. We’ll monitor the price action for a possible short in the 30 … Continue reading