Pro Tips

Midday Missive

Posted on 07/06/2018

Tech…FB,NFLX,NTES are leading. Healthcare is good, look for higher. SX..Nov Beans has a bottoming pattern. Buy a retest into 8.67 with a tight stop to see if the pattern is real. I’ve no interest in the short side of the … Continue reading →

A.M. look 7/6/18

Posted on 07/06/2018

Spu’s…have traded to the top of the recent range. Oil…breaks down under 72.20. Risk spreads have traded into resistance. I’m watching until I can discern clear direction out of this recent range.

Daily Market Intelligence 7/6/18

Posted on 07/05/2018

Daily Market Intelligence 7-6-18

Midday Missive

Posted on 07/05/2018

Indices have rejected the upper end of the current trading range. The Russell is particularly vulnerable as all the Long Russell/Short Spu trades from Tuesday are unwound. Bears will treat today’s early highs as their Risk levels to be short. … Continue reading →

A.M. Look 7/5/18

Posted on 07/05/2018

The previous two weeks saw mid-week highs followed by lower retests. Now we have a Globex mid-week low which suggests bottoming. Spu’s…Point & Figure still shows a range. I’m wary of chasing strength. Russell 2000 futures is trading at a … Continue reading →

Daily Market Intelligence 7/5/18

Posted on 07/03/2018

Daily Market Intelligence 7-5-18

A.M. Look 7/3/18

Posted on 07/03/2018

Noon CDT closing today. Spu’s…have traded to the top of value on the Point & Figure. There is now a clear 50 Point range. Nasd & Russell Risk Spreads are following through to the upside. Roku has pattern follow through. … Continue reading →

Daily Market Intelligence 7/3/18

Posted on 07/02/2018

Daily Market Intelligence 7-3-18

Midday Missive

Posted on 07/02/2018

Equities found early footing with Mutual Fund buying The early direction is ebbing with retests in AMZN,IYT. Semi’s have lagged with Micron & Nvidia trading well. Non-correlated names like WDAY & SHOP were the best early trades. Investors want to … Continue reading →

A.M. Look 7/2/18

Posted on 07/02/2018

Spu’s..are the first chart. This shows price action below last weeks low of 2693 will be needed to take out the bottoms of the pattern. Nasd 100 shows a short-term potential bear trap. This can rally before going lower. Oil..shows … Continue reading →