Pro Tips

A.M. Look 2/8/18

The track is wet and sloppy. Bulls will take to heart that last night’s Spu low will hold. The market is in transition trying to turn from an uptrend to a near term downtrend. With 2 back to back mid-week … Continue reading

Daily Market Intelligence 2/8/18

Daily Market Intelligence 2-8-18

Midday Missive

It’s a  Risk On Flow going into London’s close. The late show will revolve around 2719 in the Spu’s its 50 DMA. Price action above that level late will lead to rampant late day buying. VXX..sustained price action below 42 … Continue reading

A.M. Look 2/7/18

Welcome to the Mid-Week Shuffle. A flag formation is forming on the Spu medium term P&F. It will take new highs from yesterday to change the long-term. Mid Dow Futures are caught between 24,500 daily cloud support and 24,900 near … Continue reading

Daily Market Intelligence 2/7/18

Daily Market Intelligence 2-7-18

Midday Missive

Bottoming is a process. The high in the Spu’s and most names like AAPL,GS  ect. all stopped at or near resistance. Everybody is all in again. You’ve only seen the first inning today. VXX using a 15 minute chart with … Continue reading

A.M. Look 2/6/18

Last night’s low in the Spu’s was its 200 DMA. I’m looking to buy a retest of the level into 2500. DJI…22,7404 is the 200 DMA Spu’s are putting in a flag on the long term P&F. This chart takes … Continue reading

Daily Market Intelligence 2/6/18

Daily Market Intelligence 2-6-18

The Late Show

Nice Puke in the Indices..a little faster than I thought. Market retested 2669 which is now the level to Hold above. I re shorted the TLT @ 121.45 Low In Spu/Bond was 50 DMA which elected the bounce. TLT…

Midday Missive

AAPL.was the easy buy off the 200 DMA. LRCX…Lam held its 200 DMA Value shoppers are out.