The ADP employment report showed a drop of 697K in payrolls for January, worse than expected.Talk of a new stimulus plan by the Chinese is improving market sentiment this morning.The ISM non-manufacturing report is out at 9 AM, it’s supposed to show a decline.
Stocks:All indices are higher, but they’re still suspect.
June Treasury Bonds: Momentum sell short day, 123-22 is support.
June 10 Year T Note:Breakout day; 120-16 was Fibonacci support, 120-07 is the next downside target.
March Dollar Index:Opened at the old contract high, just coming back to fill in the gap.
March Japanese Yen:Downside breakout under 10132.
March EuroFX:Regained support around 125, look to sell a rally.
March British Pound:Still looking for a breakout. 14157 on the upside, 13957 on the downside
March Canadian Dollar:The 7700 area was support last fall, holding so far.
April Gold:Held Fibonacci support at 905.70, looking to sell a rally.
May Silver: 1300 is a pivot point for today
May Copper:16650 was February’s high, momentum sell short day
May Cocoa:Momentum sell short day; 2308 is broken support, now resistance
May Coffee: Breakout setup. 10500 support, 10850 resistance
May Cotton:Breakout setup, 4300 and 4350 are resistance
May Crude Oil:4428 is trendline resistance. Bullish market, but today is a momentum sell short day
May Soybeans:Breakout setup. 866 is Fibonacci retracement resistance
May Corn:Breakout setup, 356.50 and 358 are resistance
.gif "Swing Traders Insight Watch List for March 4")
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