Be patient in chasing this rally in the Indices out of the box. Let it breathe. Equity /Bond spreads have been going sideways for a few days leading me to believe you could see a two way trade in the … Continue reading
Daily Market Intelligence 11-7-16
GBP/USD.. GBP/JPY… Euro Stoxx 50 The Indices are trading oversold and ripe for a bounce. The Brexit news out of Britain is precipitating the short covering.
Daily Market Intelligence 10-18-16
Daily Market Intelligence 8-18-16
30 Yr. Bonds… GBP/USD…we’ll see how much more squaring up there is before London’s close as the truce in the Brexit campaign could last through the weekend. GOLD.. Spu’s need under 2062 to weaken and above 2078 to rally. … Continue reading
AMZN…656.11 GOOGL…760.30 These levels have to bounce for any bounce in the Indices!
Stocks… IWM…needs above 118 to extend higher. Bonds … FX… Commodities… Gold…1138 is resistance, price action above 1143 is needed to to run the shorts out. Oil..is holding the breaks. Look for more upside above 46.75. General Comments or Valuable … Continue reading
Stocks… Bonds … 30 yr. Bonds…look to be headed to 156.20 +- a few, right where it took off from yesterday. The Long term Point & Figure shows that price action below 155.00 is needed for a trend reversal lower … Continue reading
Stocks… Equity Indices are tired and in need of a break. Individual names will continue to out preform. Spu’s…resting near term sell stops remain below 2112. GS…215 is where the qtrly congestion lies. This is a name for your buy … Continue reading