Pro Tips

Midday Missive

British Pounds are breaking down with the Euro gaining on the crosses.                   IBM has room for another 2 dollars of downside. Dow names and Financials should remain your focus.  

A.M. Look 10/24/17

GM,MMM, CAT & Corning have all beat in a meaningful way. Oil needs to sustain and close over 52.30 to attract buyers. So much for some back and fill in the indices.

Daily Market Intelligence 10/24/17

Daily Market Intelligence 10-24-17

The Late Show

The shorts are going to take a run at the market. I’m focused on the Russell for confirmation of lower into mid-week. Long Gold/Short Euro..Suisse and Yen are all putting in ORH patterns. These patterns would match up with Risk … Continue reading

Midday Missive

Russell…1502.60 will be the key to the board for the plungers, today’s ORL#   AMZN…973 is where the shorts will need sustained price below for a test of the 697.79 Gap The Bears need to beware as the afternoon session … Continue reading

A.M. Look 10/23/17

U.S. Ten Yr./Bund is trading below its 200 DMA. European debt futures have been bought against the U.S.,keeping a bid tone to the Dollar. Let the week set up. Earnings Calendar tomorrow with ECB on Thursday will have greater impact … Continue reading

Daily Market Intelligence 10/23/17

Daily Market Intelligence 10-23-17

Midday Missive

USD/JPY has come close enough to one of those scene of the crime levels that it is ripe for  short-term price rejection ( an oversold bounce)Ditto with the 30 yr. Bond futures. Indices will not be the feature. Financials and … Continue reading

A.M. Look 10/20/17

Bond Futures down = stronger Financials. Risk spreads are following through for new all time closing highs. Don’t fight the flow! I neglected to mention that November Oil expires today. I’m sure some of last night’s weakness can be attributed … Continue reading

Daily Market Intelligence 10/20/17

Daily Market Intelligence 10-13-17 Daily Market Intelligence 10-20-17