Monthly Archives: October 2017

Daily Market Intelligence 10/26/17

Daily Market Intelligence 10-26-17

The Late Show

Spu’s put in a reversal on the medium term P&F. That only took 25 days. The long-term P&F needs a print into the very low 2530’s for a reversal.               Nasd 100…just achieved a … Continue reading

Midday Missive

Spu’s..2552 is initial mvg avg support matching 12 in the VIX.There are a lot of Financial names struggling.CMA,GS,NTRS,KEY,LUK,MS,NAVI,PFGOne would reasonably expect this flow to continue into London’s close. Pay attention to what you’re involved with.This is just a prelude to what … Continue reading

A.M. Look 10/25/17

30 Yr. Bonds…150.09 is unchanged on the year. I don’t want to lose sight of the fact that after 17 point rally and break in the futures, they are back to where they started. Spu’s..need a close under 2560.50, last … Continue reading

Daily Market Intelligence 10/25/17

Daily Market Intelligence 10-25-17

Midday Missive

British Pounds are breaking down with the Euro gaining on the crosses.                   IBM has room for another 2 dollars of downside. Dow names and Financials should remain your focus.  

A.M. Look 10/24/17

GM,MMM, CAT & Corning have all beat in a meaningful way. Oil needs to sustain and close over 52.30 to attract buyers. So much for some back and fill in the indices.

Daily Market Intelligence 10/24/17

Daily Market Intelligence 10-24-17

The Late Show

The shorts are going to take a run at the market. I’m focused on the Russell for confirmation of lower into mid-week. Long Gold/Short Euro..Suisse and Yen are all putting in ORH patterns. These patterns would match up with Risk … Continue reading

Midday Missive

Russell…1502.60 will be the key to the board for the plungers, today’s ORL#   AMZN…973 is where the shorts will need sustained price below for a test of the 697.79 Gap The Bears need to beware as the afternoon session … Continue reading