Pro Tips

The Late Show

MCD & BUD remain the features in Food & Beverage. GIMO..Gigamon is putting in a bottoming pattern PCLN is putting in an ORH week. Put this on your radar on a 15 dollar pullback. I’m told the options are a … Continue reading →

Midday Missive

Both the Bunds and the Italian Bonds have hit downside targets. I don’t think there is a point left in the U.S. 30 without a descent bounce. Obviously this could take into next week to materialize. Just don’t lean on … Continue reading →

A.M. Look 7/7/17

Bunds and Bonds are into oversold levels. Be careful of chasing weakness.

Daily Market Intelligence 7/7/17

Daily Market Intelligence 7-7-17

The Late Show

Bud is attempting an ORH day off a very oversold condition. Initial resistance is the 200 DMA @ 112 DB…Deutsche Bank has been leading the world Financials. The longer-term charts will be sent tonight shows room to 23. Euro has … Continue reading →

Midday Missive

The board is ugly. What is particularly concerning is the lack of interest in the Financials with the Bonds off a point. Spu’s..2411 is today’s 50 DMA. Below the board will worsen. I’m not waiting to exit the SSO.   … Continue reading →

A.M. Look 7/6/17

Rule #1..Don’t buy closing strength on a Wednesday. Yup I violated it! A potential dollar hickey in the SSO is not career ending. It’s very early in the Mid-Week shuffle. Spu..2416 needs to hold and rally. I need to see … Continue reading →

The Late Show W/SSO Trade Alert!

I don’t have an opinion on the Bonds or FOMC minutes. I am recommending starting a position in SSO, the double Long S&P 500.   It’s currently trading 90.13.   You’ll have to lead off on part of it or … Continue reading →

Midday Missive

Spu’s… As Long as they maintain above 2416 they are range bound to higher. So far the rotation out of Oil names has had a limited effect. I like NFLX,FB against today’s low for new longs. PYPL & SQ are … Continue reading →

A.M. Look 7/5/17

GOOGL…893.37-915.30 is the remaining gap. If we’re to see a mid-week shuffle low in the Indices GOOGL should bottom somewhere into the Gap. Oil…I thought you’d see the selloff that started in London after the inventory #’s today. Short term … Continue reading →