Pro Tips

Daily Market Intelligence 5/30/18

Daily Market Intelligence 5-30-18

The Late Show

Full Moon Trading… Nasd 100 is putting in an ORL day. Futures traders can trade the Globex openingĀ  tonight for a short term flow trade. The game will be London’s opening.

Midday Missive

Micron put in a new all time high by 1 tick. NFLX traded to the old high @ 354.36. I would need to see a 248.83 print to think it was significant. Spu’s…2714 confirms the overnight low. For three weeks … Continue reading →

A.M. Look 5/29/18

It’s getting cheaper to go to Europe this summer. FBTP opened and broke 9K/ a contract. Spu’s have finally put in the reversal on the Long-term P&F. Spu/Bonds are trading @ its 50 DMA Spu/Dax…(bottom chart) hit its 50 DMA … Continue reading →

Daily Market Intelligence 5/29/18

Daily Market Intelligence 5-29-18

A.M. Look 5/25/18

Putin is speaking about raising Oil production. The Long term P&F put in its first relief reversal in 10 dollars marking a near term top. Energy names will be under pressure with an ORL week ( topping pattern) in crude. … Continue reading →

Daily Market Intelligence 5/25/18

Daily Market Intelligence 5-25-18

A.M. Look 5/24/18

S&P 500 Futures are caught in a range. The P&F shows a retreat as low as 2716 would not change the pattern. Spu/Bonds are at daily momentum resistance. This simply means that buying strength should be avoided. Nasd/Bonds are slightly … Continue reading →

Daily Market Intelligence 5/24/18

Daily Market Intelligence 5-24-18

Midday Missive

Barring something out of the FOMC minutes I remain in buy the break mode. So far the Spu’s just don’t want to give us a shot at the 2700 level. If you don’t see a break after 1 P.M. CDT … Continue reading →