Daily Market Intelligence 10-11-17
The Mining ETF’s GDX & GDXJ showed signs of bottoming before Friday’s payroll low in the precious metals. They are showing signs of fatigue with ORL days working. SA,NEM,SBGL,AUY,AEM,HL & PAAS all show the same pattern. Early this A.M. I … Continue reading
DAX… You’re gong to see this type of price action given the general RSi’s ( overbought nature of most names) I prefer to wait for buying opportunity vs. top picking. … Continue reading
Nasd 100..6054.75 is today’s ORL# 30 Yr. Bonds…153.03 is today’s 200 DMA. I’m still looking for a selloff that would take the Bonds to the sell level @ 155.07 Before we start another leg higher in the Equity indices.
Time to do the tighten up. Take your money in this trade. You can leave a trailer on to see if there is more upside.
Semiconductors are leading with NVDA up 8 dollars Silver is leading the precious metals. Closing over 17.14 will be an oscillator breakout.
Daily Market Intelligence 10-10-17
FTSE is attempting an ORL day. This could spill over into other Indices. Manage your risk the rest of the day. Markets will be thin.
Silver has ORH pattern follow through. Gold has lost ground to Silver with a potential ORL pattern. Silver…17.03-09 is closing resistance. Gold resistance comes in closer to 1293 today. Bulls want to see this sustain above 1281.80 close to maintain … Continue reading
Daily Market Intelligence 10-9-17