Pro Tips

The Late Show

Posted on 05/10/2017

There is absolutely nothing to do but get into trouble. Transports act terrible while most of the financials remain bid. Equity/Bond spreads have not broken down. No shorting! I’m not chasing the energy move which looks to continue into the … Continue reading →

A.M. Look 5/10/17

Posted on 05/10/2017

30 yr. Bonds…151.14 is today’s 50 DMA matching Monday’s ORL level. Sustained price action over this level is needed to signal further weakness in the Spu’s   Spu’s…yes, there is a potential double top @ 2400. I’m not going to … Continue reading →

Daily Market Intelligence 5/10/17

Posted on 05/09/2017

Daily Market Intelligence 5-10-17

A.M. look 5/9/17

Posted on 05/09/2017

EEM has been bid since Gundlach’s comments from the SOHN late yesterday, where he revealed his latest trade Long EEM/Short Spy. This is a value trade where he expects the rest of the world to play catch up to the … Continue reading →

Daily Market Intelligence 5/9/17

Posted on 05/08/2017

Daily Market Intelligence 5-9-17

A.M. Look 5/8/17

Posted on 05/08/2017

Gold..today’s ORH # is 1236. Euro…needs sustained and closing price action below 109.48 ( today’s ORL#) for lower. Euro Currency Futures..EU6M7 currently trade @ 20-22 ticks over Cash. I write cash levels. Both the Euro & Swiss have retested the … Continue reading →

Midday Missive

Posted on 05/05/2017

Long Europe/Short U.S. Equity Indices is the current theme. A Hindenburg omen was generated yesterday. https://stockcharts.com/articles/dancing/2016/11/hindenburg-omen.html Without a confirming McClellan Oscillator confirmation, this typically portends a sideways to lower trade for the next 30 days. Chop City for Index traders. … Continue reading →

A.M. Look 5/5/17

Posted on 05/05/2017

Crude RSI is @ 17%. Watch this for signs of bottoming after last night’s low volume spike low. Think you just have to be patient and wait for NYSE to come in today.

Daily market Intelligence 5/5/17

Posted on 05/04/2017

Daily Market Intelligence 5-5-17

Midday Missive

Posted on 05/03/2017

Gold and Silver are oversold. So is GOLD/EURO.   The above have been breaking with a risk off board today. Keep it tight if you’re trading the metals.   EUR/AUD…147.17 is cloud and 200WMA resistance. TSLA… look for a bounce … Continue reading →