Monthly Archives: October 2017

Daily Market Intelligence 10/18/17

Daily Market Intelligence 10-18-17

The Late Show

Goldman is putting in an ORL. The gap is 232.91-231.44 which falls just above its 200 & 50 DMA’s into 230. This is the level to trade against for a bounce. Citibank…don’t lose money on the trade!! Spu/Bonds look tired … Continue reading

A.M. Look 10/17/17

Euro…117.45 is the oscillator. 116.92 is the 200 WMA. it will still take below 116.50 to break the longer term averages. The cover zone is still below 116.50 where we failed to elect those sell stops on this months payrolls. … Continue reading

Daily Market Intelligence 10/17/17

Daily Market Intelligence 10-17-17

Midday Missive

You’ve seen the worst for the transports for today. IYT… Mind the names your involved with.

A.M. Look 10/16/17

Precious metals are coming into matching resistance zones. Both Gold & Silver need to work through the levels. BHP & FCX  are catching up with the Copper rally after lagging late last week. NFLX earnings are after the close today. … Continue reading

Daily Market Intelligence 10/16/17

Daily Market Intelligence 10-16-17

Pattern Alert IYT

Transports bottomed first Aug 29th. They just topped putting in an ORL and closing below it’s oscillator Long metals is the ticket.

Midday Missive

The Financials are hanging in despite the Bond rally which is running the correction in the Risk Spreads. Bottom Fishing is Ok in the Financials, in particular Citi, agains today’s low. MS…Morgan failed its gap @ 47.74 as well. This … Continue reading

A.M. Look 10/13/17

It is shaping up to be another in your face moment for the Index bears. Italian & Spanish Bond Futures have been rallying for a week and continue to do so. Oil held qtrly closing support yesterday. 52.45 is where … Continue reading