AUD/USD…75.40 (75.10 ish +- a couple in the Futures) is this qtr’s macro level. Good above/Negative below We’ve already seen a couple off big equidistant swings off this level. The pattern, if completed, is bearish Aussie. This could take into … Continue reading
Stocks… Nasd 100…for this to lose momentum a close below 4414, the 200DMA is needed. DAX…while we’re coming into weekly resistance DAX is positive over 9910 close. Bonds.. FX… Commodities… Oil…i’m looking for a 40.30 print before another move sets … Continue reading
Stocks… Spu’s…need sustained price action and a close below 2031 to weaken. Bonds.. 30 Yr….163.02-04 is resistance today. FX… GBP/USD…Sterling continues to be the weak currency on the crosses. Commodities… Soybeans…is looking up. It’s been holding retrace support above 8.88. … Continue reading
Stocks… Spu’s…need to close under 2005 to break down. Nasd 100…last week I was looking for a 70 point rally. This week I’ll need to see a couple of closes over 4415 to maintain upside momentum. Weekly sell … Continue reading
Stocks… DAX, Euro Stoxx et al expire this A.M. You could get two capital flows today. One up into Europe’s close. Then we’ll see if our indices keep getting bid up into our close. I’ve attached charts to show that … Continue reading
Stocks… Spu’s…Traded unchanged on the year last night before profit taking ensued. June shows that a close below 1997 is needed for momentum breakdown. Bonds.. Bunds…162.20 area is the level that needs to be closed over to work higher. … Continue reading
Stocks… Spu’s…2030-35 is the resistance and target level for March. June 2020-25 with the cash (SPC5) 200DMA @ 2019. Nasd 100…4400 +- a couple is where the 200DMA comes in. This should reject the first time up. Bonds.. … Continue reading
Stocks… June Equity Futures will become the dominant month today. Spu’s…June is trading at a 10.00 point discount to March. Nasd 100..June is trading at a 9 point discount to march Bonds.. FX… June Forwards…These are the current spreads … Continue reading
Stocks… Spu’s have to close below 1965 front month for lower. Bonds.. 30 Yr….161.19 is the bottom of this area with all new weakness below. 163.14 is resistance. Bunds…right here it’s hard to gauge whether they can get back … Continue reading