Pro Tips

A.M. Look 5/23/18

Here we are gaping gaps. Spu’s…2700-2703.50 is the lower gap. There will be resting sell stops @ the level since this is also the weekly ORL#. The long-term P&F will see a reversal with a 2696 print. Chartists would like … Continue reading →

Daily Market Intelligence 5/23/18

Daily Market Intelligence 5-23-18

The Late Show

Heads up!!! Energy names are seeing profit taking. PSX, FANG, COG have ORL patterns working. OIH names are rolling. Long-term Investors should review their holdings. Russell is leading the Pullback

A.M. Look 5/22/18

Micron (MU) is leading this A.M. 54.30 is the low risk buy zone. Euro put in an oversold bounce. It will still take closes over 118.35 to signal more. I’m expecting the Equity Indices to grind higher. Be patient for … Continue reading →

Daily Market Intelligence 5/22/18

Daily Market Intelligence 5-22-18

A.M. Look 5/21/18

DAX is closed today. Italian 10 yr. rates are in the forefront of today’s trading. German/Italian 10 yr. spreads are at a key qtrly closing level @ 119.55 Sustained and closing price action through this level should lead to additional … Continue reading →

Daily Market Intelligence 5/21/18

Daily Market Intelligence 5-21-18

A.M. Look 5/18/18

Short-term traders…the only thing you can do today is get yourself into trouble. Spu’s are 20 points either side of nowhere. Midcap & Russell have been outperforming the S&P & Dow. Price action has been compressing. Late day U.S. Equity … Continue reading →

Daily Market Intelligence 5/18/18

Daily Market Intelligence 5-18-18

The Late Show

Trade talk, Tweets=a little risk off It’s a trap either way, both up and down. Nasd 100 would need a close under 6875.50 to believe this is more than a low volume equity check.   Nasd 100 Pit…