Pro Tips

The Late Show

Spu’s… Pit session gap is @ 2358.50.The bottom of value on the 25X3 Point & Figure is 2353.25 Rule #1. Don’t chase strength going into the close on a Wednesday. Looks as if the world is beginning to recognize this … Continue reading

Midday Missive

AMZN…Should pause up here. Oil Inventories have capped the rally for a bit. Spu/Bond spread is into mvg avg resistance. The market needs to breathe in here before you get another move. The early game is over.

A.M. Look 4/5/17

Oil…52.11 is the better weekly mvg avg resistance to penetrate. The past couple of inventory #’s have produced a rally after trapping shorts pressing into the #. After a $4 dollar rally, I’m not sure what its going to do … Continue reading

Daily Market Intelligence 4/5/17

Daily Market Intelligence 4-5-17

Midday Missive

GS…you’d like to see this close over 230 to regain its mojo PFE…Pfizer puts in an ORH day with a close over 34.35 The Risk to own is 34.00 Stop On Close. I don’t think you’ll see much of anything … Continue reading

A.M. Look 4/4/17

Bunds…have reached their first target @ the 1/2 of the gap and its 50 DMA.   Gold…June (M) Gold is trading app 2.5 dollars over April (J). This makes a difference when you’re determining the correct 200 DMA   50X3 … Continue reading

Daily Market Intelligence 4/4/17

Daily Market Intelligence 4-4-17 Daily Market Intelligence 4-4-17

Midday Missive

It’s going to be an interesting afternoon. The most compelling reason for this puke to abate into London’s close is the high in the VIX which is its 200 DMA matching the UVXY mvg avg resistance. Time Frame trading this … Continue reading

Nasd 100 Pattern Alert

Nasd 100..today’s Pit (U.S. Session) ORL# is 5427.25 The Globex ORL # is 5421 After making a new all time high in the early session the Mutual Fund buying has evaporated. Trade Accordingly

A.M. Look 4/3/17

Mutual Fund Monday. The markets are in park with the exception of a few names like TSLA which is up 8 dollars in per-market. Seemingly the world is waiting for the NYSE to open to see the extent of first … Continue reading