Pro Tips

A.M. Look 7/28/17

Posted on 07/28/2017

Amazon….   EUR/CHF & GOLD/CHF….Long Euro/Short Suisse…Long Gold/SHort Suisse   Both have had massive moves.   97.30 USD/CHF   is the level to watch as this is app 2/3 rds of the way back from the opening to the close of … Continue reading →

Daily Market Intelligence 7/28/17

Posted on 07/27/2017

Daily Market Intelligence 7-28-17

Tighten up..exiting Long positions

Posted on 07/27/2017

LRCX,AMD,NVDA,SMH   I’ve been reticent to take profits in these names as I felt it would be difficult to reload.   I’m not happy about it now. If you bought weekly puts against the names You’re  good.   If not, … Continue reading →

Midday Missive

Posted on 07/27/2017

Sin is in vogue. I was a little premature on BUD MO..Altria The Spu’s & DJI have Hit their upside targets for this swing. Play the names not the Indices.

A.M. Look 7/27/17

Posted on 07/27/2017

DXY…Dollar Index came within ticks of the next target a shade below 93.00. This is another example of an ORL with a very low RSI having limited follow through.   OIL…spent all night looking for new buyers, only to find … Continue reading →

Daily Market Intelligence 7/27/17

Posted on 07/26/2017

Daily Market Intelligence 7-27-17

The Late Show

Posted on 07/26/2017

AEM…Agnico-Eagle Mines AUY…Yumana GLD….Gold ETF   FYI…(Z) December Gold is Front month. It currently trades app 6+ dollars over (Q) August or cash.   are all attempting ORH days. HL,NGD,PAAS & GDXJ are showing Bullish patterns.   Unchanged rates is … Continue reading →

Indices

Posted on 07/26/2017

What’s bugging me? The higher high in the Spu’s by one tick. Maybe this is just position squaring ahead of the Fed or profit taking in Names with big runs. Either way you won’t know if it was significant until … Continue reading →

Midday Missive

Posted on 07/26/2017

SMH & Bud continue to shine. PYPL & SQ..there is nothing to do but stay the course. OIL..will take until the inventory release @9:30 CDT to determine whether this is a Wednesday high and another rally to nowhere or it … Continue reading →

A.M. Look 7/26/17

Posted on 07/26/2017

OIL…it will take 2 closes over 48.50 for a convincing upside breakout to retest the upper end of this years range.   Euro…held a retest of the yearly ORH # @ 116.17. Sustained and closing price action below this level … Continue reading →