Monthly Archives: July 2017

Daily Market Intelligence 8/1/17

Daily Market Intelligence 8-1-17

A.M. Look 7/31/17

Nasd 100…100X3  P&F shows a consolidation pattern. A couple of closes over 5927 will see this pattern resolve itself to the upside.   Oil…needs to maintain above its 200 DMA @ 49.40.   Let the U.S. session set up.

Daily Market Intelligence 7/31/17

Daily Market Intelligence 7-31-17

A.M. Look 7/28/17

Amazon….   EUR/CHF & GOLD/CHF….Long Euro/Short Suisse…Long Gold/SHort Suisse   Both have had massive moves.   97.30 USD/CHF   is the level to watch as this is app 2/3 rds of the way back from the opening to the close of … Continue reading

Daily Market Intelligence 7/28/17

Daily Market Intelligence 7-28-17

Tighten up..exiting Long positions

LRCX,AMD,NVDA,SMH   I’ve been reticent to take profits in these names as I felt it would be difficult to reload.   I’m not happy about it now. If you bought weekly puts against the names You’re  good.   If not, … Continue reading

Midday Missive

Sin is in vogue. I was a little premature on BUD MO..Altria The Spu’s & DJI have Hit their upside targets for this swing. Play the names not the Indices.

A.M. Look 7/27/17

DXY…Dollar Index came within ticks of the next target a shade below 93.00. This is another example of an ORL with a very low RSI having limited follow through.   OIL…spent all night looking for new buyers, only to find … Continue reading

Daily Market Intelligence 7/27/17

Daily Market Intelligence 7-27-17

The Late Show

AEM…Agnico-Eagle Mines AUY…Yumana GLD….Gold ETF   FYI…(Z) December Gold is Front month. It currently trades app 6+ dollars over (Q) August or cash.   are all attempting ORH days. HL,NGD,PAAS & GDXJ are showing Bullish patterns.   Unchanged rates is … Continue reading