Month end. Amazon elected the sell stops of the past two years. Support starts around 2500. Apple is trading around its 200 DMA. Spoo will need a 4225 print to rollover again. Nasd..13,500 is now closing resistance. Yra asked the … Continue reading
Spoo target was hit within a couple of handles just after London’s close. That completes the first lower swing I highlighted in the FRA Podcast.The world of big cap reporting tech bounced off their respective 400 or 200 DMA at the … Continue reading
Natgas & Metals expire There is absolutely nothing that says bearish Equities. Nasd/Bond closed 2021 @ 10209. I would expect the spread to be marked higher on the year going into Thursday Qtr end. We spent time analyzing the Yen … Continue reading
Timing is everything. I’m looking for clues for a breakout in the Indices from the clouds on the longer -term point & figure charts Looking for some more back and forth before the indices get going. 30 Yr. Yield is … Continue reading
Daily Market Intelligence 11-17-21
RBA met and decided against YCC. Aussie is a tough read. I looked at AUD/JPY, EUR/AUD, AUD/YUAN and I can’t get a good read. At least I can’t get a look that would entice me to do anything. Crypto is … Continue reading
Oil elected its weekly ORL sell stops last night. Be attentive to the level! 5-30 Yield is still trying to print 682, the level it broke out from in March 2020. Currently trading just below the half of life Fib, … Continue reading
Don’t fight the flow. Spoo..risk is last night’s low, which matches up with the weekly oscillator. Japan news saw investors avoid the Nikkei and buy Gold, which is above the daily cloud. Energy…follow the yellow brick road. Look for prices … Continue reading
Daily Market Intelligence 10-22-21