Monthly Archives: May 2021
Daily Market Intelligence 5/28/21
Cliff notes again tonight. Month end tomorrow! Nothing matters but the closes. Yen crosses were in play driven by Olympic cancellation news. Russell gained against big cap tech and Spoo. Gold/Silver retreated to it’s 50 DMA Gold would require an … Continue reading
A.M. Look 5/27/21
Pounds have a positive pattern, however GBP/JPY will need to sustain above 154.90, oscillator resistance, to confirm. Spoos…4175-79 is the level needed to penetrate for downside. 4175 is the reversal # on the 50X3. Spoo/Bond had room yesterday to the … Continue reading
Daily Market Intelligence 5/27/21
Short Form tonight. More rotation. Spoo stuck in a 20 point range. Copper miners are trying to bottom. Angelo picked up on MP which was great scoop right after the opening. Yra commented on my technical post in response to … Continue reading
Daily Market Intelligence 5/26/21
Daily Market Intelligence 5:26:21
A.M. Look 5/25/21
Spoo…firm above 4191.75 Euro…123.48 is the next big mag avg #. 50 Qtr MA and the bottom of the qtly cloud. 30 Yr Yield…the cloud tells me not to expect much until the second week of June when we get … Continue reading
Daily Market Intelligence 5/25/21
Daily Market Intelligence 5:25:21
A.M. Look 5/24/21
Nothing stands out this A.M. Instruments seem rangebound in need of setting up for another move. Crypto is trying to find footing. BTC…31,732 200 DMA Gold…waiting and hoping for a chance to reload on a break into the 1840’s. Be … Continue reading
Daily Market Intelligence 5/24/21
Daily Market Intelligence 5:24:21
A.M. Look 5/21/21
Spoo/Bond daily cloud reinforces the notion that we’re in a consolidation phase the can last a month before something gives. Price action is going sideways, which looks like a time correction, waiting for the cloud. Gold is gaining on Copper. … Continue reading