Pro Tips

Midday Missive

What’s working is the Chip names AMD,LCRX,NVDA   STX…40.10 is closing FIb resistance. The board is very name specific today. The Indices will remain a tough trade into Mid-Week   LNG…held its 200 DMA on today’s low for the second … Continue reading →

A.M. Look 7/24/17

The board has been in a corrective phase for the past couple of sessions. With GOOGL kicking off this weeks earnings after the close, the later it gets in the day the less likely shorts will want to hang around. … Continue reading →

Daily Market Intelligence 7/24/17

Daily Market Intelligence 7-24-17

A.M. Look 7/21/17

EUR/AUD…followed through on its ORH pattern by doing a 50% retrace for the past 30 trading days last night into 147.70. U.S. Equity Bond spreads are stalling out. Look for corrective trading into next week. With the Spu’s coming close … Continue reading →

Daily Market Intelligence 7/21/17

Daily Market Intelligence 7-21-17

Midday Missive

BUD…if you’re long this name it’s a good spot to lock in some of the trade. Sector rotation is favoring Natgas Infrastructure names and healthcare. GS…Goldman is holding its rising 200 DMA @ 222.73. It would take a close below … Continue reading →

A.M. Look 7/20/17

AUD/USD…Aussie’s 10 day 500 point rally is waning. A cash close today below 79.08 would have me looking for a corrective phase back to just below 78.00. AUD/JPY…a close below 88.59 would corroborate that move.   EUR/AUD…is oversold and is … Continue reading →

Daily Market Intelligence 7/20/17

Daily Market Intelligence 7-20-17

A.M. Look 7/19/17

Nasd 100…5900, the old target is back in focus. This level is now the monthly ORH #. 5900 will be pivotal the rest of the month. Good above/Retrace mode below. It’s the mid-week shuffle. While I remain bullish I’m vigilant … Continue reading →

Daily Market Intelligence 7/19/17

  Daily Market Intelligence 7-19-17