Monthly Archives: October 2017

Daily Market Intelligence 10/13/17

Posted on 10/12/2017

Daily Market Intelligence 10-13-17

The Late Show

Posted on 10/12/2017

The line of Index short sellers continues. Time to put on Jerry Jeff Walker’s “ Pissin In The Wind” Turn it up real loud and listen to the words. Do not sell a quiet market with little or no price … Continue reading →

A.M. Look 10/12/17

Posted on 10/12/2017

There is a little Risk Off led by Oil weakness and JPM leading the banks slightly lower. This will need NYSE to start trading to see if this gains any traction. 30 Yr. Bonds…153.05 is today’s 200 DMA. it would … Continue reading →

Daily Market Intelligence 10/12/17

Posted on 10/11/2017

Daily Market Intelligence 10-12-17

A.M. Look 10/11/17

Posted on 10/11/2017

Lumber put in an ORL yesterday after reaching it’s highest level in a decade. I don’t trade it and I’m not going to read any fundamental reasoning into it. It’s Wednesday, be patient

Daily Market Intelligence 10/11/17

Posted on 10/10/2017

Daily Market Intelligence 10-11-17

The Late Show

Posted on 10/10/2017

The Mining ETF’s GDX & GDXJ showed signs of bottoming before Friday’s payroll low in the precious metals. They are showing signs of fatigue with ORL days working. SA,NEM,SBGL,AUY,AEM,HL & PAAS all show the same pattern. Early this A.M. I … Continue reading →

DAX…YEN

Posted on 10/10/2017

DAX…                   You’re gong to see this type of price action given the general RSi’s ( overbought nature of most names) I prefer to wait for buying opportunity vs. top picking.   … Continue reading →

Midday Missive

Posted on 10/10/2017

Nasd 100..6054.75 is today’s ORL#   30 Yr. Bonds…153.03 is today’s 200 DMA.   I’m still looking for a selloff that would take the Bonds to the sell level @ 155.07 Before we start another leg higher in the Equity indices.

Metals

Posted on 10/10/2017

Time to do the tighten up. Take your money in this trade. You can leave a trailer on to see if there is more upside.