Markets we're watching today

Today marks 35 years since Michael Jackson's album Thriller was released. It's the best-selling album of all time.

Here are these that could put a thrill into markets:

1) Bonds

Yesterday's slump in bonds (and rise in yields) was overshadowed by moves elsewhere. The 10-year is flat today but hovering close to 2.40%. What's especially notable is that the move was global, in what could be a huge theme of 2018. If yields rise, it could unwind all of the yen's recent strength.

2) Bitcoin

Bitcoin is back down to $9100. A break below $9000 would put it into the weekly gap and could trigger another massive run on the crypto currency. Levels of fear and greed in Bitcoin are ultra-high so volatility is assured.

3) Tech stocks

The FAANG stocks took a hit on Wednesday. The adage is that a bull market ends when the 'generals' are executed. Without doubt, the foursome of Facebook, Apple, Amazon, Netflix and Google are vulnerable to a pullback, and they won't be falling alone.

4) Oil

The OPEC decision is imminent. WTI crude is up 38-cents on hopes for a firm output cut extension, perhaps with freezes from Libya and Nigeria. If producers are left with some wiggle-room, then it could be an ugly day for oil. If not, the chart looks bullish.

5) Sterling

Cable is up for the 11th time in 13 days. Negotiations may have entered a more-productive phase as hang ups about the exit bill have been resolved. The uptrend in the pair has been steady and resistance is minimal until +1.36.