Pro Tips

The Late Show

OIL…is finding bidders against its 200 DMA @ 48.90 The energy complex has been under-owned. Typically I’d look for a mid-week extreme off the Inventory #’s tomorrow. Oil…25X3 Point & Figure shows sustained price action above 49.65 is needed to … Continue reading

A.M.Look 4/25/17

Japan led last night with DAX & Spu’s trading with in yesterday’s ranges. Nasd 100 is firm with Biogen (BIIB) beating earnings now up $10. CAT beat and is trading over 100 Equity/Bond spreads in the U.S. and Europe remain … Continue reading

Daily Market Intelligence 4/25/17

Daily Market Intelligence 4-25-17

Midday Missive

10 Yr. Bond/Bund..Long U.S./ Short German 10’s. This spread is sitting right on it’s 200 DMA. The moving averages have been a fair indicator as to Euro direction. When the spread was at the Aqua line, its 50 DMA, April … Continue reading

A.M. Look 4/24/17

Euro…108.38 is today’s 200 DMA. Sustained price action below 108.20 puts Euro back into its trading range. Dollar traders should exercise a little patience Spu’s…trading near the top of its recent 50 point range. Let the U.S. session open up … Continue reading

Daily Market Intelligence 4/24/17

Daily Market Intelligence 4-24-17

Oil..Pit Gaps

Oil…May Pit 49.73-49.54 Gap Oil June Pit..50.19-03 Gap

A.M. Look 4/20/17

Spu’s…medium term P&F..25X3   This is a range bound pattern. Until there is a clear break out above or below the current week range, sell rallies and buy breaks.   Spu’s & Nasd are holding their weekly gains. AMZN ..put … Continue reading

Daily Market Intelligence 4/20/17

Daily Market Intelligence 4-20-17

The Late Show

OIL…the best i can do for the next level is an Old Pit gap from March @ 49.74-54. Pay attention to this level as this can be a good place to trap traders at the end of the day. AAPL … Continue reading