Daily Spot… Reacting to stocks.

A daily summary of high-profile members of several complexes… View a more detailed discussion of each chart at the end of today’s Market Wrap.

Eurodollar Sep Contract (EC, ETF: (FXE, UUP))
Friday’s reaction down had extended Monday to form a breakout under uptrending support. Extending lower overnight to gap down Tuesday then also extended down intraday. At least an eventual third lower close is required before the pattern can begin bottoming.

Gold Dec Contract (GC, ETF: (GLD))
Modest firming overnight was rejected sharply into and out of Tuesday’s open to test 1120.50. The pullback limit was violated, so back above 1134.00 is needed to begin signaling the pullback has ended.

Silver Dec Contract (SI, ETF: (SLV))
Gapping down sharply Tuesday from Monday’s overlap of its 15.10 pullback limit spent the day ranging narrowly around 14.65. There is no buy signal.

30-year Treasury Dec Contract (US, ETF: (TLT))
Monday’s pullback to support at 153-12 reacted up sharply to 154-17 Tuesday in a flight-to-quality which extended as stocks fell apart to probe Friday’s high above 156-00. The gap back to Monday’s close should be filled before a durable rally can begin.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping down Tuesday to 45.65 failed to confirm Monday’s close above 45.65. Only ranging narrowly prevented any signal from triggering, but the upside continues to be suspect.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Still ranging narrowly under prior lows Tuesday prevents a bottoming pattern from yet forming.