Monthly Archives: April 2021
Daily Market Intelligence 5/3/21
Daily Market Intelligence 5:3:21
A.M. Look 4/30/21
Spoo will take sustained price action under the low 70’s to do any downside damage . Currently trading slightly higher for the past two weeks. Spoo/Bond is closing in on a convergence of averages and the bottom of the channel. I’ll be … Continue reading
Daily Market Intelligence 4/30/21
Daily Market Intelligence 4:30:21
A.M. look 4/29/21
It’s a gap and go A.M. in the Spoo. Given it’s a new ATM, many will be tempted to sell looking for a home run. I’d prefer to buy the break than trade against the flow. Trade with the tape. … Continue reading
Daily Market Intelligence 4/29/21
Daily Market Intelligence 4:29:21
A.M. Look 4/28/21
The specter of higher rates is having a deleterious effect on the metals. Gold needs a 1760 print for a reversal on the 100X3. Grain charts set up differently on the DC (K) and the ADC (N). It’s hard to … Continue reading
Daily Market Intelligence 4/28/21
Daily Market Intelligence 4:28:21
A.M. Look 4/27/21
Corn; obviously a big squeeze going into May deliveries in 2 weeks. July has the most volume and is considered front month trading 33 cents under May (K) ADM is the early mover in the names Don’t kid yourself, May … Continue reading
Daily Market Intelligence 4/27/21
My eyes were dilated today. for an eye exam. A full chart package will come out tomorrow night. Good read per Yra https://scmp.us18.list-manage.com/track/click?u=3775521f5f542047246d9c827&id=35d5c22be0&e=c37c298493 Sell Signals All but Useless in Unchartable 2021 Stock Market https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock- These participants should use our model … Continue reading
A.M. Look 4/26/21
Copper is trading close to its all time high yearly close. Per room discussion last week, a couple of closes up here will elect a 40% rally. Shanghai sold off last night , however it looks to be a one … Continue reading