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S&P 500 E-mini Future
|15 min ES|
The mini’s are lower by 1.75 points to 1542.75 as the DX rises moderately from the 29th session out of the last 24. Support in the ES is @ 1540 now that 1542 failed a few times, resistance will remain 1545 up into 1550 which is our target over 1547.75, Friday’s high.
The 30 year bond future is higher to 141’04 up from a low of 141’22 which makes 1540’20 the line in sand before Friday’s low of 140’14 becomes support.
|30 min ZB|
Support in the DX is @ 82.675 which if broken it will be a quick trip back go 82.50 though the momentum and persistance of this buyer in DX clearly does not plan on changing anytime soon based on the price action.
My take is if the DX can cool off and the ZB ca stay under 142 the ES will remain over 1537.75 and 1546.25 eventually will get taken out. Though if DX shoots over highs and bonds retrace the ES will easily be offered into 1530 if 1537.75 fails.
Nasdaq 100 Mini Future
|15 min NQ|
Nasdaq futures are down 3.75 points as of this writing at 2793.75 with 2790 being support. The elusive 2800 level is the upside resistance to watch for buy stops over into 2810 only IF 2795 can be converted to support off the open.
Under 2790 its 2777 which was Friday’s support though with Apple making lows pre-market of 427 it will be difficult for the index to stay over 2790.
Crude Oil Future
|5 min CL|
Currently oil is down 0.19% to 91.74 after trading sideways pretty much the entire night/morning which has converted the 91.50 level to support thus under 91.50 it will be a quick drop into 91.
The 91 level was support from Friday which held and converted into the high of 92.03, which today if 91.50 can hold a test of 92.03 would not be out of the question as CL has seen its price cut by 7 dollar in the past month.
My guess over 92.03 we will see a move back to 92.50 which would be a good spot to place limits to sell if you buy the break out over 92.03.
|1 hour GC|
Quick thought on GC futures, the 1574 level has acted as support the entire month of march which menas under 174 the next level to watch will be 1563 before 1555 is tested.
Though if GC can get over 1595 it will be over 1600 and into buy stops in quick order. Though as long as the DX stays firm i think the GC will remains soft.
As noted above shares of AAPL are lower to 429.02 up from a 427 low but below Friday’s close of 431.72. Under 426 = 420 and over 430 IF it holds could mean a intra-day opportunity to trade apple up into 435.
Shares of Dell are higher to 14.28 up from Friday’s close of 14.16 after the company entered into an confidentiality agreement with Carl Icahn. Support is 14.25 with resistance being 14.40 which if cleared its a easy run into 15 though under 14.14 its back to 14.
Dick’s Sporting Goods – DCK shares are lower to 47 down from 50.60 close Friday after the company reported disappointing fourth-quarter results. A break under 47 means 46.10 comes up as support.
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