Stocks are lower. Morgan Stanley had a poor earnings report; Wells Fargo was a bit better than expected.Crude inventories are out at 9:35 Central time, no economic releases are out today.

June S&P:Failed at the 847.50 Fibonacci resistance; this is bad news for the bulls.Support is 835.75 then 832.50.
June NASDAQ:Another failure at Fibonacci resistance of 1330.25, support is 1314.50.Trade or Fade called today a Trade day.
June Dow:7932 was the Fib retracement resistance here; 7825 is support.
June Treasury Bonds:Momentum is still bearish. Support is at Friday’s low of 125-00, then there’s trendline support at 124-26.
June Yen:Momentum buy day; held trendline support at 10128.Monday’s high of 10249 is resistance.
June Euro Currency:Breakout setup today. Momentum is bearish, but keep an open mind about direction.
June British Pound: Momentum is bearish; breaking under yesterday’s low of 14466. Next downside target is 14365.
June Canadian Dollar:Doji, momentum is bearish today. The midpoint of yesterday’s range at 8038 is a pivot today.
June Gold:Holding support at 881, momentum is bullish.
July Silver:Doji yesterday, held support at 1200-ready to rally?1225 is resistance.
July Copper:Momentum is bullish; price action isn’t.20085 is important support.
July Cocoa:Little channel formed, watch the recent low at 2350.
July Sugar:1353 is resistance, 1335 to 1330 is support.
July Coffee:Little bear flag here?Watch 11270.
June Crude Oil:Waiting for the inventory numbers; watch for a directional move after it.4668 is Fibonacci support.
June Cattle:Little bear flag forming?I’m interested in selling this.
July Soybeans:Momentum sell short day; 1029 and 1025 are support, 1037-4 then 1042 are resistance.
July Wheat:Testing resistance at 528; watch 520 on the downside.

This is the morning update to my Swing Trader’s Insight advisory service. For information on STI, and to sign up for a free two week trial, visit here. Swing Traders Futures Watch List for April 22

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