Pro Tips

A.M. Look 10/16/17

Posted on 10/16/2017

Precious metals are coming into matching resistance zones. Both Gold & Silver need to work through the levels. BHP & FCX  are catching up with the Copper rally after lagging late last week. NFLX earnings are after the close today. … Continue reading →

Daily Market Intelligence 10/16/17

Posted on 10/13/2017

Daily Market Intelligence 10-16-17

Pattern Alert IYT

Posted on 10/13/2017

Transports bottomed first Aug 29th. They just topped putting in an ORL and closing below it’s oscillator Long metals is the ticket.

Midday Missive

Posted on 10/13/2017

The Financials are hanging in despite the Bond rally which is running the correction in the Risk Spreads. Bottom Fishing is Ok in the Financials, in particular Citi, agains today’s low. MS…Morgan failed its gap @ 47.74 as well. This … Continue reading →

A.M. Look 10/13/17

Posted on 10/13/2017

It is shaping up to be another in your face moment for the Index bears. Italian & Spanish Bond Futures have been rallying for a week and continue to do so. Oil held qtrly closing support yesterday. 52.45 is where … Continue reading →

Daily Market Intelligence 10/13/17

Posted on 10/12/2017

Daily Market Intelligence 10-13-17

The Late Show

Posted on 10/12/2017

The line of Index short sellers continues. Time to put on Jerry Jeff Walker’s “ Pissin In The Wind” Turn it up real loud and listen to the words. Do not sell a quiet market with little or no price … Continue reading →

A.M. Look 10/12/17

Posted on 10/12/2017

There is a little Risk Off led by Oil weakness and JPM leading the banks slightly lower. This will need NYSE to start trading to see if this gains any traction. 30 Yr. Bonds…153.05 is today’s 200 DMA. it would … Continue reading →

Daily Market Intelligence 10/12/17

Posted on 10/11/2017

Daily Market Intelligence 10-12-17

A.M. Look 10/11/17

Posted on 10/11/2017

Lumber put in an ORL yesterday after reaching it’s highest level in a decade. I don’t trade it and I’m not going to read any fundamental reasoning into it. It’s Wednesday, be patient