Monthly Archives: July 2021
Daily Market Intelligence 8/2/21
It’s August and time for a head break. The fall should be busy and it’s time to recharge. I wish to thank the room for their participation in coming up with some incredible trades over the past couple of years. … Continue reading
A.M. Look 7/30/21
Amazon is trading close to the bottom of the daily cloud , which is initial support. Spoo…shows a consolidation pattern on the 50X3. It will take sustained price action under the 200 hourly @ 4371.80 for lower. Indices are still … Continue reading
Daily Market Intelligence 7/30/21
Daily Market Intelligence 7:30:21
Daily Market Intelligence 7/29/21
More money for nothing. Powell spoke and it’s to be determined how the market will respond. Materials and a few select names went bid. I am not reading anything into today’s price action nor am I getting traders leaning one … Continue reading
A.M. Look 7/29/21
China steps in last night to add liquidity. Yuan and names rallied and so did the related Yuan commodity trades. Gold…December (Z) is front month, trading app + $5 over August. Yuan…6.4609 is the weekly ORL. Yuan has elected its … Continue reading
A.M. look 7/28/21
Google & Crypto lead today’s price. Google will run the early wiggle in the Indices. MSFT…289.57 will be needed for a gap fill. Yuan got a bid to retest its 200 DMA. Surprise, so did commodities, Wheat… 7 dollars is … Continue reading
Daily Market Intelligence 7/28/21
Daily Market Intelligence 7:28:21
A.M. look 7/27/21
Google, FB, AMZN & AAPL make up 25% of the Spoo. Good luck shorting into earnings. Grains are showing bottoming patterns and buying interest overnight
Daily Market Intelligence 7/27/21
Daily Market Intelligence 7:27:21
A.M. look 7/26/21
It’s a big week ahead with the FANG earnings and FOMC Wednesday. Month end is Friday. Natgas & Copper are continuing upward. Copper remains positive after last weeks ORH. Price action below 4.40 will have the Bulls rethink positioning. Bitcoin … Continue reading