Pro Tips

A.M. Look 8/24/17

We have a potential Wed-Thursday low in the Indices. This is important mid-week price action for the technical model to repair itself. It will still take another couple of weeks to confirm a directional change. I view the board as … Continue reading

Daily Market Intelligence 8/24/17

Daily Market Intelligence 8-24-17

Midday Missive

I’m reticent to say anything. ULTA put in an ORL at the bottom of a move yesterday. These are always Bear Trap levels. If you like the name risk no more than today’s low. 241.60 is resistance. The operative question … Continue reading

A.M. Look 8/23/17

Euro…needs to sustain and close over 118.50 to break out of the recent range to the upside Spu/Bonds…                   IYT…Transports are coming into 200DMA resistance KSU…last night Yra posited a take out … Continue reading

Daily Market Intelligence 8/23/17

Daily Market Intelligence 8-23-17

A.M. Look 8/22/17

I have nothing constructive to add this A.M. The board is mildly Risk On with the Dollar trading with a bid tone.

Daily Market Intelligence 8/22/17

Daily Market Intelligence 8-22-17

The Late Show

It’s currently hot & Sweaty after the eclipse. XLP… is putting in an ORH day. IBM looks sold out and is ripe for a rally   LMT…is trying to turn back up. Fearless leader is speaking tonight so maybe someone … Continue reading

Daily Market Intelligence 8/21/17

Daily Market Intelligence 8-21-17

Midday Missive

Spu/Bonds have failed under its 50 DMA. The Wednesday high is confirming that the recent rally is over and the market is set for more turmoil. UVXY..I’m looking for this to test 37. Given the calendar next week you should … Continue reading