Pro Tips

Late late Show

Consumer Staples…Buy Signals KHC SYY STZ Financials…   PGR trv Utilities NRG   The names that are attracting buying are all defensive as one would expect. PIT Gaps have been filled in the Nasd 100 @ 5995.50 Spus @ 2357.70 … Continue reading →

The Late Show

Spu’s are putting in lower lows into the top of the gap. Nevah Evah sell weakness into a gap making lower lows as it’s a very high probability trap. I’ve seen a flush on the flash crash below a gap … Continue reading →

Midday Missive

Time Frame Trading. It’s a wait and see for the afternoon session to see if this direction can abate. With the VIX trading around its 200 DMA pressing shorts is a risky proposition. GOOGL…947.39 is the Monthly ORL # with … Continue reading →

A.M. Look 5/17/17

Nasd 100… put in a reversal last night. Crude..is putting in a flag formation going into Inventories this A.M. Sustained price action over 49 is needed to print the 50 DMA @ 49.71 Spu/Bond …corrected to its 50 DMA in … Continue reading →

Daily Market Intelligence 5/17/17

Daily Market Intelligence 5-17-17

A.M. Look 5/16/17

It’s a Risk On morning led by the FTSE, which needs one more good close up here to target another 400 Points of rally. HD is up 3 dollars. I’m looking for the Bund & Bond rallies to keep failing. … Continue reading →

Daily Market Intelligence 5/16/17

Daily Market Intelligence 5-16-17

A.M. Look 5/15/17

Oil…is trading @ the 50% fib for the yr. trading between its 50 & 200 DMA’s. See how the U.S. opens up before you get involved. The Greenback is off against most currencies. Suisse is trading at its 200 DMA … Continue reading →

A.M. Look 5/12/17

Both our 30 yr. and the Bunds have similar patterns. Both are trading mildly oversold doing corrective bounces. 151.11 is today’s 50 DMA in the 30 Yr. It’s as good a place as any to expect price rejection.   Indices…waiting … Continue reading →

Midday Missive

The short end of the curve is leading the Bond rally. This puts the money for nothing scenario back in play with easy monetary policy. Mexican Peso has been rallying all week knocking on the door of an Outside reversal … Continue reading →