Monday Market Wrap


spx 3

For the day the SPX/DOW were -0.50%, and the NDX/NAZ were -0.25%. Bonds lost 11 ticks, Crude slipped 50 cents, Gold slid $6, and the USD was also down. Medium term support remains at 1628 and 1614 , with resistance at the 1680 and 1699 pivots. Nothing on the economic agenda until Wednesday when  we see the Fred minutes.

Short term support is at SPX 1636-1640 and 1628, with resistance at SPX 1648-1649 and SPX 1658-1667. Remember that the 100 day moving average (blue line) is around 1632.

Check the P&L for any adjustments and we’ll tale another crack at this in the morning.

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