S&P 500 futures make a new 2013 high of 1532.75
|15 min ES|
A new 2013 high was just made at 1531.75 +5.25 0.36% in the ES following a evening/night of sustained bidding and offer taking across the risk complex. The nasdaq future is higher to 2773 +13 points or 0.47% with resistance at 2780 an support at 2770.
|NQ 15 minut|
When looking at ES resistance you have 1534.50 up into 1540 with support at 1527.50 into 1518.75, below 18 = 1511. IF the 30 year bond can move below its overnight low of 143’16 the ES and NQ wil have the fuel they need to move a bit higher in the next hour into cash open.
The DX is lower by 0.17% to 82.115 after failing the 82.20 metric in late night Monday trading which coincided with the ZB failing 144. IF this perfect storm can continue to to reside over the risk complex it is anybody’s guess how long sellers can keep equity upside contained.
|5 min CL|
Crude oil futures are higher to by 0.59% to 90.64 up from the 89.33 low monday with 90.70 as resistance before the 92 metric becomes a target, but first support need to be converted between 90.65 and 90.70. CL below 90.20 = 90, under 90 = 89.33 (the 2013 low).
Currently silver just made a high of 29.09 after breaking 28.95 resistance with conviction. 29.10 is resistance with 28.85 as support. GOLD just made a high as well of 1585.10 with 1587.50 as immediate resistance to watch for buy stops over into 1590-1600.
|Silver 15 min|
Copper futures are off their highs of 3.5445 at 3.5255 +0.67% with 3.55 the target if HG can move back up to near highs. 3.52 is support which needs to hold to maintain upside momentum.
That being said the commodity risk complex will closely correlate with DX and strength though is largely ignoring YEN strength all night which saw the 6J rise .36% steadily without much affect on the tape.
IF the currency complex continues to play ball with the equity risk complex today should be smooth sailing, though profits will surely be booked around 1535.
Shares of QCOM are higher to 68.17 up from a 66.63 close Monday after the company boosted its dividend by 40% and announced a $5bil share repurchase program. WE are looking for a break of 68.20 for a move into 69 off the open.
Shares of retailer JCP are lower to 16.04 after it was revealed a large stakeholder in the company sold 10 million shares in the company for 16.35 each. Under Monday’s low of 15.75 means its going to 15.50 quick on way to 15.
Apple shares are remarkably higher by 1 dollar @ 420.05 up from a 418.32 low. Resistance to watch for buy stops over is 425 which if converted to support will provide the base for move back to 430.
GOOG shares have made a new all time high of 828.20 in the pre-market up from a 821.504 close monday. 830 is a reasonable target into 840 if 826 hold as support, 820 support is line in sand before 815 gets tested.