Monthly Archives: June 2017

Daily Market Intelligence 6/23/17

Posted on 06/22/2017

Daily Market Intelligence 6-23-17

A.M. Look 6/22/17

Posted on 06/22/2017

Gold…those that bought Gold should raise the stop to breakeven. A close over 1256 is needed for upside follow through. Sustained price action above 1256 should see another 6 dollars before running into resistance @ cloud momentum. Manage your risk … Continue reading →

Observations

Posted on 06/21/2017

Copper is trying to bottom with an Engulfing Bullish candle. Gold..manage longs against today’s low. FB…is a cheap look at a new long against today’s low. EXAS…Exact Science is a name that is just forming up to follow IBB higher.

Midday Missive

Posted on 06/21/2017

The morning has started off as a big sector rotation into Healthcare. Biotech names are leading the Nasd 100. OIL… 42.75 is support and the downside closing pivot. Resistance is at the bottom of the gap @ 44.33.   You … Continue reading →

A.M. Look 6/21/17

Posted on 06/21/2017

Last night’s lows in the Indices will be the hold levels. Nasd/Bonds have to hold right here.   DAX/BUND had pattern follow through to the downside sustaining below its 50 DMA. This needs to be monitored vis’ a vis’ the … Continue reading →

Daily Market Intelligence 6/21/17

Posted on 06/20/2017

Daily Market Intelligence 6-21-17

Pattern Alerts …ORL’s

Posted on 06/20/2017

FTSE..   DAL..Delta Airlines VNQ..REIT Vipers IYR..iShares U.S. Real Estate IYC  ..DJ Consumer Service Sector   SMH..Semiconductor   The above are potential exhaustion patterns   Keep your eye on Gold for a defensive long after 12:30 CDT New York Pit … Continue reading →

GBP/JPY…Pattern Alert

Posted on 06/20/2017

Sterling Traders.. GBP/JPY is putting in an ORL day.   The cross is coming into momentum support @ 140.72. This is a caution signal for selling weakness in Sterling.      

A.M. Look 6/20/17

Posted on 06/20/2017

July (N) Crude expires today. 42.72 is the Feb. Monthly close, which is the low monthly close this year. This is the next level to test. The pattern sell stops are @ 42.01 I doubt anyone will want to take … Continue reading →

Daily Market Intelligence 6/20/17

Posted on 06/19/2017

Daily Market Intelligence 6-20-17