Pro Tips

Midday Missive

I’m treating today’s lows in the Pot stocks as a good bottom for a bit. Aurora held in a great spot after earnings. new strength over 7.60 should not be faded. Netflix & Roku have followed through to the upside. … Continue reading →

A.M. Look 2/12/19

Indices are up on tentative shutdown deal. Both Indices are at the top of value on the P&F charts. Oil and Oil names lead on Opec cut talks. Spu’s have a pit gap @ 2718-23 Nasd 100…6964.50-6972.25

Daily Market intelligence 2/12/19

Daily Market Intelligence 2-12-19

Midday Missive

Disney has lost all traction since earnings. AMZN high today @ its 50 DMA stopped the Indices. Oil refiners were bought on rotation. UNH…traded to its 200 DMA @ 257.54 and held. It’s a big level that must hold for … Continue reading →

A.M. Look 2/11/19

Contentious talks will run the Algos this week. The Yuan is weakening in front of China talks. Trump and his wall will run the Algos in the U.S. Service names look to open higher. NVDA is lower. it will need … Continue reading →

Daily Market intelligence 2/11/19

Daily Market Intelligence 2-11-19

Midday Missive

There were a lot of lottos being played via today’s expiring Puts in the Spy. Financials are awful along with the Insurers. Service names and Finntech have been bid early FB,NFLX AAPL are holding. CME rallied to resistance. Europe and … Continue reading →

A.M. Look 2/8/19

Euro…113.32 is the 200 WMA Midcap 400 is the one U.S. Index that is still trading unchanged on the week. Amazon is just shy of a 30% retrace from the XMAS low. SOXX…is close to breaking down. SMH broke down … Continue reading →

Daily Market Intelligence 2/8/19

Daily Market Intelligence 2-8-19

Midday Missive

Bombs away! DJI…anything into 25,000 is a cover for shorts. Expect a bounce out off that level Spu’s finally gave us a 50 Point reversal. The lower chart is a 100X3..that needs 95 points off the high to reverse. We … Continue reading →