Pro Tips

Daily Market Intelligence 6/21/21

Daily Market Intelligence 6:21:21

A.M. look 6/18/21

Yesterday saw what happens to fundamental traders that know where the market is supposed to be. They were massively rinsed because they do not use stops. Their stop is when a PM taps them out. Soybeans and Wheat Put in … Continue reading

A.M. Look 6/15/21

Lots of data today Canadian Dollar Futures Expiration Spoos inch closer to its target. Gold is all about its 200 DMA ” yesterday’s low” Gold/Suisse held. GoldinYuan has held weekly support. Oil… 70 is the 200 MMA. It will be … Continue reading

A.M. Look 6/14/21

Rollover week with a FOMC press conference. Spoo’s…the June contract has broken out on the Point & Figures. Sept shows a double top. This shows we can retest lower and not turn down on the June. Be very patient. The … Continue reading

Daily Market Intelligence 6/14/21

There is no change in the overall picture. The rotational trade continues. Monday Currency Futures expire.  

A.M. Look 6/11/21

Energy looks to extend. Software companies had lots of positive patterns yesterday. Copper will need to maintain above its 50 DMA to stay positive. It’s Friday. Index traders should look for an early flow and then another wiggle very late … Continue reading

Daily Market Intelligence 6/11/21

Daily Market Intelligence 6:11:21

A.M. Look 6/10/21

I’m looking for an interest rate driven morning. I spent time speaking to Gold not being favorable on the spreads for upside follow through. Today is as good a day as any to put in an extreme. 1860’s or the … Continue reading

Daily Market Intelligence 6/10/21

Cliff notes tonight. Solar eclipse in the A.M. in North America. Looking for a volatility event. We’ll find out in the A.M. if its the ECB or CPI runs the board. Spoo/Bond closed under its 50 DMA for the first … Continue reading

A.M. Look 6/9/21

Mid-Week Shuffle Less is more. AMZN kept the Nasd intact yesterday. 3280 is its 50 DMA which will act a s resistance and its upside pivot. Sustained and closing price action above opens the way to another 70 dollars. Spoo’s … Continue reading