Pro Tips

Midday Missive

Transports led early strength PRED… I added to longs @ 2.45 VKTX…Viking broke out. I have an Initial upside target @ 12.44 with an ultimate 15 print. Oil led Brazil & PBR higher. Names are responding to profit taking in … Continue reading →

A.M. Look 3/29/19

Spu’s…looking for the upside reversal on the 50X3. It will take a print into the high 30’s. Nasd 100..is into initial P&F congestion matching its 200 DMA in the spread. Mini Dow has the cleanest pattern for higher. Crude is … Continue reading →

Daily Market Intelligence 3/29/19

Daily Market Intelligence 3-29-19

A.M. Look 3/28/19

Bunds are gaining on the Italian 10’s Pulte is gaping up into Monthly resistance. Lulu is @ 165 back @ all time highs. Look for another back and forth scrum in the Indices. I would expect reduced volumes. Don’t over … Continue reading →

A.M. Look 3/28/19

Bunds are gaining on the Italian 10’s Pulte is gaping up into Monthly resistance. Lulu is @ 165 back @ all time highs. Look for another back and forth scrum in the Indices. I would expect reduced volumes. Don’t over … Continue reading →

Daily Market Intelligence 3/28/19

Daily Market Intelligence 3-28-19

Midday Missive

AMZN is doing a gap fill with near resistance @ 1620.50 Closing today under 1616 is needed to keep board defensive. JPM  has a good low Palo Alto networks filled its breakaway gap from 2/22/19 It’s a tradable low for … Continue reading →

Midday Missive

Shit Show! Not getting involved. Chips are soft with profit taking in service names. Puke food names and Defense contractors were bought on rotation. Sold JD & ACB. Time to give Pot a rest after CRON downgrade. If you’re looking … Continue reading →

Midday Missive

JD..added another piece @ 28.64 ZEN,STNE,ZS,PANW ripping These will rally into tr end XLK is very firm. Visa is a leader. I like PSX & CVX in the majors. COP is @ its 200 DMA @ 69.09. Monitor for a … Continue reading →

A.M. Look 3/26/19

Looking for the rest of the week to be about positioning in names going into Qtr end Friday. Index downside is limited. DAX, DAX/Bund & Euro Stoxx 50 are treading water just above their respective 50 DMA’s. Nasd/Bond has regained … Continue reading →