Around the Globe
- Asia – CLOSED
- Shanghai (China) +1.07%
- Hang Seng (Hong Kong) +2.44%
- Nikkei (Japan)+1.96%
Europe as of 6:20am EDT
- DAX (Germany) +2.03%
- FTSE (UK) +1.06%
Today's Economic News:
Quote of the day:
The multitude of books is making us ignorant. – Voltaire
Current Allocations from our room: (100% CASH)
Performance Month to Date from our room:
Current Breadth Readings:
For our breadth chart of the day, we are looking for our 40 DPI to make another higher high confirmation signal today. One more chart needs to come into place before calling a reversal and a longer term upside trend.
ES SP500 Futures Comments:
Short Zone: 1344 ESU
Buy Zone: 1312 ESU
Market is very strong and breadth is looking good. We think there is some resistance to the upside present in the 1345 area, a proving area that will need a running start from a lower price to break.
For that run at the 1344 area we would like to see a pull-back to 1312 which we would eye for a long.
Today begins O P E X!
US Dollar DX Futures Comments:
This is the area we would expect to see a retest of the 84 price. We would get long close to 82 with a stop at 81.40.
TLT Twenty Year Bond EFT Comments:
Technically we like a bounce here up to 129/130 area and then a collapse. That would require the markets to pull back and make another test of a bottom.
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