Pro Tips

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 →

Daily Market Intelligence 7/26/17

Posted on 07/25/2017

Daily Market Intelligence 7-26-17

A.M. Look 7/25/17

Posted on 07/25/2017

Oil…Point & Figure shows all new strength is needed for higher. I’m not a fan of chasing this strength. 30 Yr. Bonds…the next 10 ticks down can trap new shorts.   DB…Deutsche bank is running the European Indices.   Copper…has … Continue reading →

Daily Market Intelligence 7/25/17

Posted on 07/24/2017

Daily Market Intelligence 7-25-17

The Late Show

Posted on 07/24/2017

Dow…Dow Chemical is attempting am ORH day with a close over 66.54. GOOGL…all eyes will be here after the close. Whether it misses expectations investors will buy a 1-2 day break. If they beat investors will buy. If you own … Continue reading →